Amun Company reports the following information for a year: Book Income Before Income Taxes.$318,000 Income Tax Expense. 156,000 Income Taxes Payable for the Year 48,000 Income Tax Rate on Taxable Income 40% Amun has both permanent and temporary differences between book income and taxable income.
. What is the amount of temporary differences for the year for Amun Company?
What is the amount of permanent differences for the year for Amun Company?