ed FedEx Company had a net deferred tax asset of $69,156 at the beginning of the year, representing a net taxable deductible difference of $203,400 (taxed at 34 percent). During the year, FedEx reported pretax book income of $813,600. Included in the computation were favorable temporary differences of $23,400 and unfavorable temporary differences of $51,700. At the beginning of the year, Congress reduced the corporate tax rate to 21 percent. FedEx's deferred income tax expense or benefit for the current year would be: Multiple Choice O net deferred tax benefit of $5,943 net deferred tax expense of $5,943. net deferred tax expense of $20,499. net deferred tax benefit of $32,385. X 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 c 217 218 219 220 221 222 f 223 u 224 225 226 227 228 229 230 231 232 233 234 235 236 237