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...

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...

fiscal year. The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock...

utilities expense, discount allowed, cleaning expense, depreciation expense, delivery expense, income tax expense, insurance expense, interest expense, advertising...

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...

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...

Generally Accepted Accounting Principles (GAAP) tax expense. The main occurrence of corruption and corporate tax avoidance was in states that had the lowest...

impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental taxes, payroll taxes, duties or tariffs...

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...

structure of a company, and it is usually tax-deductible. On the income statement, interest income and interest expense are reported separately, or sometimes...

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...

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....

the joint-stock company, paying dividends is not an expense; rather, it is the division of after-tax profits among shareholders. Retained earnings (profits...

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...

spreadsheet, or graphical user interface-based expense report that they then forward, along with the relevant tax invoices (receipts), to a manager or other...

expenses) where EBITDA = earnings interest, taxes, depreciation, and amortization OPEX = operating expense A professional investor contemplating a change...

An operating expense (opex) is an ongoing cost for running a product, business, or system. Its counterpart, a capital expenditure (capex), is the cost...

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...

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...

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...

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...

Cost segregation study Deferred financing costs Deferred tax Depletion (accounting) DIRTI 5 Expense John I. Beggs Product lifetime MACRS Revaluation of fixed...

as: NOPAT = (Net Income - after-tax Non-operating Gains + after-tax Non-operating Losses + after-tax Interest Expense) NOPAT doesn't include one-time...

Capital expenditure or capital expense (abbreviated capex, CAPEX, or CapEx) is the money an organization or corporate entity spends to buy, maintain,...

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...

continuing operations before stock-based compensation, interest expense and income-tax expense between two periods, divided by the increase or decrease in...

benefited from was a bonus depreciation rule that lowered the federal tax expense. NiSource responded by stating: "This law, enacted by Congress, encouraged...

"A corporation may deduct its state and local income tax expense when computing its federal taxable income, generally resulting in a net effective rate...

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...

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...