To reconcile net income (book) to taxable income, the following must be adjusted for book-tax differences: officers life insurance premium and excess tax depreciation. What is the correct approach for this reconciliation?

	a.	The officers life insurance expense reduces net income but is not deductible for tax purposes, so it should be added back to net income. Excess tax depreciation is deductible on the tax return but is not an expense on the income statement. It should be deducted from net income.
	b.	The officers life insurance expense reduces net income but is not deductible for tax purposes, so it should be subtracted from net income. Excess tax depreciation is deductible on the tax return but is not an expense on the income statement. It should be added back to net income.
	c.	The officers life insurance expense increases net income but is not deductible for tax purposes, so it should be deducted from net income. Excess tax depreciation is deductible on the tax return and is a contra expense on the income statement. It should be added back to net income.
	d.	The officers life insurance expense increases net income and is deductible for tax purposes, so it should be subtracted from net income. Excess tax depreciation is not deductible on the tax return but is an expense on the income statement. It should be added back to net income.