lynch company had a net deferred tax asset of $68,544 at the beginning of the year, representing a net taxable deductible difference of $201,600 (taxed at 34 percent). during the year, lynch reported pretax book income of $806,400. included in the computation were favorable temporary differences of $21,600 and unfavorable temporary differences of $50,800. at the beginning of the year, congress reduced the corporate tax rate to 21 percent. lynch's deferred income tax expense or benefit for the current year would be: