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Woodward Corporation reported pretax book income of $1,095,000. Included in the computation were favorable temporary differences of $255,000, unfavorable temporary differences of $78.000, and favorable
Woodward Corporation reported pretax book income of $1,095,000. Included in the computation were favorable temporary differences of $255,000, unfavorable temporary differences of $78.000, and favorable permanent differences of $140,000. Compute the company's current income tax expense or benefit. (Round your final answers to nearest whole dollar amount. Amounts to be deducted should be Indicated by a minus slgn.) Pretax book income Favorable temporary differences Unfavorable temporary differences Favorable permanent differences Taxable income Tax rate 96
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