Smith company reported pretax book income of $417,000. included in the computation were favorable temporary differences of $53,400, unfavorable temporary differences of $21,700, and favorable permanent differences of $41,700. smith's deferred income tax expense or benefit would be:

deferred income tax expense 31,700

Explanation:

book income                  417,000

permanent differences: (41,700)

book taxable income    375,300

temporary difference

favorable                      (53,400)

unfavorable                  21, 700  

net                                  (31,700)

Taxable income        343,600

As currently has a favorable difference, when this diffrence balance it will have deferred tax expense in the future for this amounts.

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education