Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: Income Statement Tax Return Revenue Expense Revenues Expense $20,000 1 2 $20,000 3 $20,000 $15,000 4 $15,000 $20,000 $5,000 $10,000
Required: For each situation, determine the taxable income assuming pretax accounting income is S100,000. Show well-labeled computations.