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B&B Inc'S Taxable Income Is Computed as Follows:
Book Income Before

Question 72

Multiple Choice

B&B Inc.'s taxable income is computed as follows:
Book income before tax \quad\quad\quad $ 9,882,590
Net permanent differences \quad\quad\quad 447,600
Net temporary differences \quad\quad\quad (802,100 )
Taxable income \quad\quad\quad\quad\quad\quad $ 9,528,090
-Using a 21% rate, compute B&B's tax expense per books and tax payable.


A)  Tax expense per books $2,000,899; tax payable $2,169,340.
B)  Tax expense per books $2,169,340; tax payable $2,000,899.
C)  Tax expense per books $2,169,340; tax payable $2,169,340.
D)  Tax expense per books $2,000,899; tax payable $2,000,899.

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