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XYZ Corporation reported pretax book income of $1,530,000. Included in the computation were favorable temporary differences of $327,500, unfavorable temporary differences of $94,000, and favorable

XYZ Corporation reported pretax book income of $1,530,000. Included in the computation were favorable temporary differences of $327,500, unfavorable temporary differences of $94,000, and favorable permanent differences of $143,000. Compute the companys book equivalent of taxable income. Use this number to compute the companys total income tax provision or benefit.

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