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kati45 [8]
3 years ago
15

Packard Corporation reported pretax book income of $501,400. Included in the computation were favorable temporary differences of

$11,400, unfavorable temporary differences of $101,400, and unfavorable permanent differences of $80,700. The corporation's current income tax expense or benefit would be:
Mathematics
1 answer:
Alik [6]3 years ago
5 0

Answer:

<em><u>The answer is</u></em>: <u>The amount of: $ 330,700.</u>

<u />

Step-by-step explanation:

Packard Corporation had a pre-tax book income of $ 501,400. Then he has a favorable amount of $ 11,400 that he would therefore <u>add</u>, and unfavorable amounts of $ 101,400 and $ 80,700 that would be <u>subtracted</u>. The current expense or benefit of the corporation's income tax would be: <u>501,400 + 11,400 - 101,400 - 80,700 = $ 330,700. </u>

<em><u>The answer is</u></em>: <u>The amount of: $ 330,700.</u>

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