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Jones Company reported pretax book income of $407,000. Included in the computation were favorable temporary differences of $50,700, unfavorable temporary differences of $20,350, and favorable

Jones Company reported pretax book income of $407,000. Included in the computation were favorable temporary differences of $50,700, unfavorable temporary differences of $20,350, and favorable permanent differences of $40,350. Book equivalent of taxable income is:

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