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Corporation Hi's auditors prepared the following reconcillation between book and taxable income. H's tax rate is 34 percent. Net income before tax Permanent book/tax differences

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Corporation Hi's auditors prepared the following reconcillation between book and taxable income. H's tax rate is 34 percent. Net income before tax Permanent book/tax differences Temporary book/tax differences Taxable income $604,000 17,000 (78,000) $543,80e a. Compute Corporation H's tax expense for financial statement purposes b. Compute Corporation H's tax payable. c. Compute the net increase in Corporation H's deferred tax assets or deferred tax liabilities (identify which) for the year Complete this question by entering your answers in the tabs below Required ARequired 8 Required C Compute Corporation H's tax expense for financial statement purposes Required B

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