Deferred income tax due to inconsistencies between the tax return of a company and the tax that is calculated on the company's financial statements. This type of tax can occur because of a larger amount of deductions on taxable income than there is on the net income calculated on the company's income statement.
Related information about future income tax:
- Future Income Tax Definition | Investopedia
Future income tax occurs when there is a greater amount of deductions on taxable income than on the net income that is calculated on a company's income ...
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Acronym, Definition. FITA, Federation of International Trade Associations. FITA, Federation Internationale de Tir a l'Arc (International Archery Federation) ...
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Definition of future income tax: Deferred income tax due to inconsistencies between the tax return of a company and the tax that is calculated on the company's ...
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A future income tax is a portion of the tax debt that is deferred or delayed from collection until some point in the future. This type of deferral may arise owing to ...
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Using the liability method, the future liability is recorded in 2006 at then-enacted rate of 40%, which yields future income tax of $600,000 X 40% = $240,000.
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Shouldn't the effect of discounting the future income tax asset increase your ... I'm not sure how future income tax is handled in the P&C1 either, ...
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Aug 20, 2012 ... Your future income tax bracket is a function of both government policy and your expectations for your own personal income level. While it ...