Your answer is partially correct. Try again Complete the following Matements by wing in the banks (a) in a period in which a taxable temporary afference reverses, the reversal will cause t he come (6) Ia $77,700 balance in Deferred Tax Asset was computed by use of a 40% rate, the underlying cumulative temporary difference amounts (c) Deferred taxes are not l e d account for permanent differences (d) If a taxable temporary difference onginates in 2017. It will cause table income for 2017 to be pretax inancial income for 2017 () I total tax expenses $50,100 and deferred tax expense is $62.600, then the current portion of the expense computation is referred to as current ta bene (1) If a corporation's tax return shows taxable income of $98.000 for Year 2 and a tax rate of the company has made estimated tax payments of $35,100 for Year 27 how much will appear on the December 31, Year 2, balance sheet for "Income taxes payable (9) An increase in the Deferred Tax Liability account on the balance sheet is recorded by debit to the Income Tax Expense account (h) An income statement that reports current tax expense of $78,700 and deferred tax benefit of $22,300 will report total income tax expense of (1) Avaluation account is needed whenever it is judged to be more than not o portion of a deferred tax asse wobecne the tax return shown total taxes due for the period of $76,100 but the income statement shows total income tax expense of $50, 500, the difference of $19.600 referred to as deferred