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Rimas Corporation reported pretax book income of $1,610,000. Included in the computation were favorable temporary differences of $347,500, unfavorable temporary differences of $118,000, and favorable

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Rimas Corporation reported pretax book income of $1,610,000. Included in the computation were favorable temporary differences of $347,500, unfavorable temporary differences of $118,000, and favorable permanent differences of $104,000. Compute the company's book equivalent of taxable income. Use this number to compute the company's total income tax provision or benefit. Rimas Corporation reported pretax book income of $1,610,000. Included in the computation were favorable temporary differences of $347,500, unfavorable temporary differences of $118,000, and favorable permanent differences of $104,000. Compute the company's book equivalent of taxable income. Use this number to compute the company's total income tax provision or benefit

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