company's tax expense (or tax charge) is the income before tax multiplied by the appropriate tax rate. Generally, companies report income before tax to their...
7 KB (1,029 words) - 11:20, 16 May 2024
the current taxable year. However, the gas the person buys during that year to fuel that truck would be considered a deductible expense. The cost of...
11 KB (1,527 words) - 20:27, 19 April 2024
Net income (redirect from Pre-tax profit)
fiscal year. The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock...
8 KB (1,122 words) - 20:27, 29 August 2024
utilities expense, discount allowed, cleaning expense, depreciation expense, delivery expense, income tax expense, insurance expense, interest expense, advertising...
7 KB (828 words) - 16:56, 10 February 2024
tax is £ 6.33 and flat tax rate is £10.00 * 16.5% = £1.65. Then a pack of 20 cigarettes costs £17.98 and the tax expense is £7.98. The effective tax rate...
20 KB (2,749 words) - 17:12, 11 August 2024
for profit. Nearly all income tax systems allow a deduction for the cost of goods sold. This may be considered an expense, a reduction of gross income...
25 KB (3,184 words) - 11:00, 27 February 2024
Generally Accepted Accounting Principles (GAAP) tax expense. The main occurrence of corruption and corporate tax avoidance was in states that had the lowest...
62 KB (6,591 words) - 10:00, 4 July 2024
impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental taxes, payroll taxes, duties or tariffs...
110 KB (14,335 words) - 10:14, 29 August 2024
structure of a company, and it is usually tax-deductible. On the income statement, interest income and interest expense are reported separately, or sometimes...
2 KB (252 words) - 11:53, 7 October 2023
rise to deferred tax. If items are chargeable or allowable for tax purposes but in different periods to when the income or expense is recognised then...
8 KB (1,129 words) - 01:00, 17 August 2023
charges). Income tax expense - sum of the amount of tax payable to tax authorities in the current reporting period (current tax liabilities/ tax payable) and...
24 KB (2,612 words) - 11:50, 7 January 2024
The Individual Income Tax in China (commonly abbreviated IIT) is administered on a progressive tax system with tax rates from 3 percent to 45 percent....
21 KB (2,964 words) - 17:43, 28 April 2024
Dividend (section Tax implications)
the joint-stock company, paying dividends is not an expense; rather, it is the division of after-tax profits among shareholders. Retained earnings (profits...
41 KB (5,257 words) - 18:45, 7 August 2024
would produce a higher gross profit and, similarly, a higher income tax expense. "LIFO" stands for last-in, first-out, meaning that the most recently...
7 KB (799 words) - 03:57, 11 July 2024
spreadsheet, or graphical user interface-based expense report that they then forward, along with the relevant tax invoices (receipts), to a manager or other...
6 KB (711 words) - 20:40, 10 October 2023
expenses) where EBITDA = earnings interest, taxes, depreciation, and amortization OPEX = operating expense A professional investor contemplating a change...
5 KB (329 words) - 17:35, 24 August 2024
An operating expense (opex) is an ongoing cost for running a product, business, or system. Its counterpart, a capital expenditure (capex), is the cost...
5 KB (585 words) - 20:27, 8 August 2024
example, because interest on debt is a tax-deductible expense, taking on debt creates a tax shield. Since a tax shield is a way to save cash flows, it...
3 KB (479 words) - 20:28, 7 May 2023
service to required debt service, in practice – because interest is a tax-deductible expense and principal is not – there is no one figure that represents an...
13 KB (1,887 words) - 13:39, 11 June 2024
Federal income tax rate times book income, plus state and foreign taxes, less credits to be claimed presently or in the future. This tax expense is recorded...
7 KB (932 words) - 01:21, 24 August 2021
Chart of accounts (section Expense accounts)
Insurance Expense (Dr) 6.3.8 Administrative Fees (Revenue Stamps) (Dr) 6.3.9 Fines And Penalties (Dr) 6.3.10 Miscellaneous Taxes (Dr) 6.3.11 Other Taxes And...
19 KB (2,804 words) - 09:40, 5 August 2024
Depreciation (redirect from Depreciation expense)
Cost segregation study Deferred financing costs Deferred tax Depletion (accounting) DIRTI 5 Expense John I. Beggs Product lifetime MACRS Revaluation of fixed...
28 KB (3,851 words) - 10:56, 12 August 2024
Capital expenditure (redirect from Capital expense)
Capital expenditure or capital expense (abbreviated capex, CAPEX, or CapEx) is the money an organization or corporate entity spends to buy, maintain,...
6 KB (766 words) - 15:57, 10 May 2024
as: NOPAT = (Net Income - after-tax Non-operating Gains + after-tax Non-operating Losses + after-tax Interest Expense) NOPAT doesn't include one-time...
3 KB (301 words) - 21:35, 2 December 2023
continuing operations before stock-based compensation, interest expense and income-tax expense between two periods, divided by the increase or decrease in...
386 bytes (42 words) - 12:12, 30 January 2024
not depreciation expense. A church or other tax-exempt organization would need to file Form 990-T and pay unrelated business income tax if its total unrelated...
175 KB (16,960 words) - 18:52, 28 August 2024
benefited from was a bonus depreciation rule that lowered the federal tax expense. NiSource responded by stating: "This law, enacted by Congress, encouraged...
10 KB (1,024 words) - 03:57, 25 March 2024
"A corporation may deduct its state and local income tax expense when computing its federal taxable income, generally resulting in a net effective rate...
41 KB (4,116 words) - 17:58, 15 July 2024
Taxation in the United States (redirect from Tax law (US))
many are graduated. State taxes are generally treated as a deductible expense for federal tax computation, although the 2017 tax law imposed a $10,000 limit...
119 KB (15,262 words) - 08:12, 5 May 2024
governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total...
140 KB (14,341 words) - 05:06, 19 August 2024