The book basis of the warranty liability is Inc. will use to calculate the deferred tax amount is Therefore, Jacob Shoes will record a deferred tax than the tax basis of the liability. The tax rate Jacob Toys, in the amount of The book basis of the warranty liability is Inc. will use to calculate the deferred tax amount is Therefore, Jacob Shoes will record a deferred tax than the tax basis of the liability. The tax rate Jacob Toys, in the amount of