Krasco inc.'s auditors prepared the following reconciliation between book and taxable income. the corporation has a 34% tax rate. book income before tax $8,288,900net permanent differences (35,770)net temporary differences 112,400taxable income $8,365,5301. compute krasco's tax expense per books and tax payable.2. compute krasco's net increase in deferred tax assets or deferred tax liabilities (identify which) for the year.

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision