Black, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year.Assume a 35% corporate tax rate and no valuation allowance. 
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Black, Inc.'s, book income before tax is $6,000.Black records two permanent book-tax differences.
It earned $250 in tax-exempt municipal bond interest, and it incurred $500 in nondeductible meals
and entertainment expense.Determine the change in Black's deferred tax liabilities for the current year.
Definitions:
Culture
The collective manifestations of human intellectual achievement regarded collectively, often expressed through art, music, traditions, and languages.
Symbols
Marks or signs used to represent an idea, object, or relationship.
Beliefs
The convictions or acceptances that something exists or is true, especially without proof.
Attitudes
A settled way of thinking or feeling about something, typically reflected in a person's behavior.
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