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Note: Please show detailed calculations and explanations. Answers without showing calculations/explanations, will not receive credit. In 2022, US Sys Corporation received $250,000 in death benefits

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Note: Please show detailed calculations and explanations. Answers without showing calculations/explanations, will not receive credit. In 2022, US Sys Corporation received $250,000 in death benefits after its CEO (a key employee) died (it included this amount in book income). For book purposes, US Sys also expensed life insurance premiums for other key employees in the amount of $20,000. In addition, for book purposes, it expensed $10,000 of business meals expenditures (all from restaurants). What is the total book-tax difference associated with these items? Is it favorable or unfavorable? What amount of the book-tax difference is temporary and what amount is permanent

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