Weber Corporation reported pretax book income of $400,000.Included in the computation were favorable temporary differences of $100,000,unfavorable temporary differences of $300,000,and unfavorable permanent differences of $200,000.Compute the Company's book equivalent of taxable income.Use this number to compute the Company's total income tax provision or benefit,assuming a tax rate of 34%.

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The Answer of Weber Corporation reported pretax book income of $400,000.Included in the computation were favorable temporary differences of $100,000,unfavorable temporary differences of $300,000,and unfavorable permanent differences of $200,000.Compute the Company's book equivalent of taxable income.Use this number to compute the Company's total income tax provision or benefit,assuming a tax rate of 34%.

Weber Corporation Reported Pretax Book Income of $400,000