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Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: Income Statement Tax

Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on:

Income Statement Tax Return
Revenue Expense Revenue Expense
(1.) $20,000
(2.) $20,000
(3.) $15,000 $20,000
(4.) $15,000 $20,000 $10,000

Required: For each situation, determine the taxable income assuming pretax accounting income is $100,000. Show ALL calculations.

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