Meaning of Income Tax Expense
How we at Bookkeeping Support Define the Meaning of Income Tax Expense
The amount of tax that a company is required to pay on its taxable income is known as income tax expense.
How AI Define the Meaning of Income Tax Expense
Income tax expense refers to the amount of income tax a company owes to the government based on its taxable income for a specific period. It is reported on a company’s income statement as a separate line item.
