[vsmith17]

The question deals with differences. Here it is:
Zurich Co reports pretax financial income of $70,000 for 2004. The following items cause taxable
Income to be different than pretax financial income.

1. Depreciation on the tax return is greater than depreciation on the income statement by $16,000
2. Rent collected on the tax return is greater than rent earned on the income statement
By $22,000
3. Fines for pollution appear as an expense of $11,000 on the income statement.

Zurich's tax is 30% for all years, and the company expects to report taxable income in all
Future years. There are no deferred taxes at the beginning of 2004.

[CaptainForest]

Cool question.

What do YOU think the answer is?