Indicate whether the following statements are true or false. Q1: Temporary book-tax differences are included in only one set of the books, thereby affecting either book Income or taxable income Select Q2: Permanent book-tax differences are often referred to as timing differences: Select Q3: The two components of total tax expense are current tax expense and deterred tax expense. Select 04: Deferred tax expense is a function of a firm's temporary book-tax differences Select Q5: A firm's taxable income can be estimated by dividing its current tax expense by the US federal statutory tax rate. This is highly accurate for multinational firms. [Select]