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Required: For each situation, determine the taxable income assuming pretax accounting income is $100,000. Note: Amounts to be deducted should be indicated by a

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Required: For each situation, determine the taxable income assuming pretax accounting income is $100,000. Note: Amounts to be deducted should be indicated by a minus sign. Accounting income Temporary differences: Income statement first: Revenue Expense Tax return first: Revenue Expense (1) (2) (3) (4) Taxable income $ 0 $ 0 $ 0 $ TB Problem 16-148 (Algo) Four independent situations are... Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: Income Statement Tax Return Revenue Expense Revenue Expense (1) $ 24,500 (2) $ 24,500 (3) $ 15,900 $ 24,500 (4) $ 15,900 $ 24,500 $ 10,900 Required: For each situation, determine the taxable income assuming pretax accounting income is $100,000. Note: Amounts to be deducted should be indicated by a minus sign.

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