Question: The independent transactions listed below involves future deductible amounts and/or future taxable amounts due to temporary differences reported first on: Income Statement Tax Return Revenue

The independent transactions listed below

The independent transactions listed below involves future deductible amounts and/or future taxable amounts due to temporary differences reported first on: Income Statement Tax Return Revenue Expense Revenue Expense (1.) $22,500 (2.) $22,500 (3.) $15,500 $22,500 (4.) $15,500 $22,500 $10,500 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 4 Accounting income Temporary differences: Income statement first: Revenue Expense Tax return first: Revenue Expense Taxable income

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