Packard Corporation reported pretax book income of $500,000.Included in the computation were favorable temporary differences of $10,000,unfavorable temporary differences of $100,000,and unfavorable permanent differences of $90,000.Assuming a tax rate of 34%,the Corporation's current income tax expense or benefit would be:

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The Answer of Packard Corporation reported pretax book income of $500,000.Included in the computation were favorable temporary differences of $10,000,unfavorable temporary differences of $100,000,and unfavorable permanent differences of $90,000.Assuming a tax rate of 34%,the Corporation's current income tax expense or benefit would be:

Packard Corporation Reported Pretax Book Income of $500,000