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Woodward Corporation reported pretax book income of $1,635,000. Included in the computation were favorable temporary differences of $395,000, unfavorable temporary differences of $95,250, and favorable
Woodward Corporation reported pretax book income of $1,635,000. Included in the computation were favorable temporary differences of $395,000, unfavorable temporary differences of $95,250, and favorable permanent differences of $198,000. 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 sign.) Pretax book income Favorable temporary differences Unfavorable temporary differences Favorable permanent differences Taxable income Tax rate %
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