Tin Cup International had book income of $$427,307$ for $2023.$ Included in bookTin Cup International had book income of $$427,307$ for $2023.$ Included in book

are the following items:

From the information above, determine taxable income. Indicate whether each

book$-$to$-$tax adjustment is temporary or permanent.

are the following items:

Federal tax liability $95,193$

Municipal bond income $2,300$

Capital gains $5,000$

Capital losses $(7,500)$

Meals expense $($non$-$restaurant$)3,200$

Charitable contributions $24,000$

$($$$17,000$ was allowed as a deduction$)$

Incentive stock options $35,000$

Depreciation $($S$/$L was used for book$-$MACRS was used for tax$)$ S$/$L $27,500$

MACRS $43,000$

Life insurance proceeds $($death benefit$)100,000$

Political contributions $2,500$

From the information above, determine taxable income. Indicate whether each

book$-$to$-$tax adjustment is temporary or permanent.