Examlex
Find the distance between the points and
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Income Tax Expense
Income tax expense is the charge to earnings in a given period for taxes owed to federal, state, and local governments based on taxable income.
Income Tax
Tax levied on company income.
AASB 112
The Australian Accounting Standards Board's standard regarding Income Taxes, which dictates the accounting treatment for current and deferred tax.
Deferred Tax
A tax liability or asset that arises due to the temporary differences between the accounting income and the taxable income.
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