Taxes Flashcards

1
Q

Effective Tax Rate

A

Total Tax Due / Total Income Earned

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Total income tax expense report Ed on income statement

A

Current income tax expense - deferred income tax benefits + deferred income tax expense

How well did you know this?
1
Not at all
2
3
4
5
Perfectly