Question: Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: (1.) (2.) (3.)

 Four independent situations are described below. Each involves future deductible amounts

Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: (1.) (2.) (3.) (4.) Income Statement Tax Return Revenue Expense Revenue Expense $20,500 $20,500 $20,500 $15, 100 $15,100 $20,500 $ 5,100 $10,100 Required: For each situation, determine the taxable income assuming pretax accounting income is $100,000. (Amounts to be deducted should be indicated by a minus sign.) 1 2 3 4 Accounting income Temporary differences: Income statement first: Revenue Expense Tax return first Revenue Expense Taxable income $ 0$ 0 $ 0 $ 0

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