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Tuscan Inc. reported pretax book income of $1,000,000. Included in the computation were favorable temporary differences of $300,000, unfavorable temporary differences of $100,000, and favorable
Tuscan Inc. reported pretax book income of $1,000,000. Included in the computation were favorable temporary differences of $300,000, unfavorable temporary differences of $100,000, and favorable permanent differences of $200,000. Compute Tuscan's book equivalent of taxable income. Use this number to compute the company's total income tax provision or benefit.
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