Question 1 (25 MARKS) a) Explain the difference between pretax financial income and taxable income. (1 mark) b) What are the two objectives of accounting for income taxes? (2 marks) c) Interest on governmental bonds is often referred to as a permanent difference when determining the proper amount to report for deferred taxes. Explain the meaning of permanent differences, and give two other examples. (2 marks) d) Explain the meaning of a temporary difference as it relates to deferred tax computations, and give four examples