Problem 16-30 (IFRS) Pecorino Company had pretax financial income or P2,500. pm. in the current year. The entity made corporate estimated tax payment in amount of 180,000 during the current year. to compute the provision for income tax, the follow; information was provided: Interest income received Tax depreciation in excess of financial statement amount 360,000 Rent received in advance 160,000 280,000 Corporate tax rate 30% 4. What amount of permanent difference between bon income and taxable income existed at year-end? a. 520,000 b. 360,000 800,000 d. 280,000 2. What amount of current tax expense should be reporter a. 786,000 b. 510,000 . 750,000 d. 678,000 3. What amount of income tax payable should be reported a. 498,000 . 606,000 c. 330,000 d. 570,000 4. What amount of total tax expense should be reported 714,000 726,000 . 642,000 d. 594,000 570