1). An income statement that reports current tax benefit of $63,000, and deferred tax expense of $19,000 will report total income tax _____________ of $________.

2). If a taxable permanent difference originates in 2012, it will cause taxable income for 2012 to be _________(less than, greater than) pretax financial income for 2012.

3. If the income statement shows total income tax expenses of $186,000 and deferred tax expenses of $45,000, the total taxes due on the tax return for the period are ______________.

4. In a period in which a deductible temporary difference reverses, the reversal will cause taxable income to be __________ (less than, greater than) pretax financial income.

5. If a corporations Income tax payable on the balance sheet totals $100,000, the company made estimated payments during the year totaling $40,000, and the tax rate is 40%, taxable income equals $ ________.

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