B&B Incorporated's taxable income is computed as follows: Book income before tax $ 9,882,590 Net permanent differences 447,600 Net temporary differences (802,100) Taxable income $ 9,528,090 Using a 21% rate, compute B&B's tax expense per books and tax payable. Multiple Choice Tax expense per books $2,000,899; tax payable $2,169,340. Tax expense per books $2,169,340; tax payable $2,000,899. Tax expense per books $2,169,340; tax payable $2,169,340. Tax expense per books $2,000,899; tax payable $2,000,899.

Q&A Education