Income Tax Expense

Income Tax Expense is the amount of taxes based on the pretax income a company owes to the government. Just like personal taxes we pay to the government, corporations must pay corporate taxes.

Get Crash Course in Accounting and Financial Statement Analysis, Second Edition now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.