The Formula to Determine Income Tax Expense Is

question 5

Multiple Choice

The formula to determine income tax expense is:

• A)taxable income (from the income tax return)multiplied by the income tax rate.
• B)taxable income(from the income statement)multiplied by the income tax rate.
• C)income before income tax expense (from the tax return)multiplied by the income tax rate.
• D)income before income tax expense (from the income statement)multiplied by the income tax rate.

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