High Tech Inc. reported earnings before income taxes of $$2,700,000$ in $2023.$ The tax rate for this year is $35\%.$

Item Amt.

a$.$ Golf club dues $ $36,000$

b$.$ Depreciation expense $72,000$

c$.$ Development costs incurred during year;

capitalized for accounting purposes $340,000$

d$.$ Warranty costs accrued during year $64,000$

e$.$ Interest and penalty for late payment

payroll taxes $22,000$

f$.$ CCA $380,000$

g$.$ Amortization of capitalized

development costs $44,000$

Required:

a$)$ Identity $2$ permanent differences and $2$ temporary differences from items $($a$)$ to $($g$)$ shown in the table above.

b$)$ Calculate the Taxable Income

c$)$ Calculate the Income Tax payable