Income Tax Expense

Business / Finance / Income Tax Expense: A state or federal government's levy on individuals as personal income tax and on the earnings of corporations as corporate income tax.

Other Words for Expense

Expense Noun Synonyms: detriment, sacrifice, cost, loss, impairment, ruin, destruction
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Other Words for Income

Income Adjective Synonyms: return, revenue(s), receipts, proceeds, profit(s), gain(s), takings
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Other Words for Tax

Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
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Earnings Before Interest And, Taxes (EBIT)

Business / Finance / Earnings Before Interest And, Taxes (EBIT): Net income before income tax expense and interest expense. This is a popular measure for comparing the earning power of companies, because it eliminates the impact of capital structure and effective t MORE

Deferred Income Taxes

Business / Accounting / Deferred Income Taxes: An account used to record the difference between income tax expense on the income statement and income taxes payable for the year to federal and state governments. MORE

Net Income Before Taxes

Business / Finance / Net Income Before Taxes: Total revenues minus total expenses except the income tax expense, for a specified time. Also known as pretax income. MORE

Single-Step Income Statement

Business / Accounting / Single-Step Income Statement: An income statement where all the revenues are shown as a single total rather than being split up into different types of revenue (this is the most common format for very small businesses). See Profit MORE

Short-Term Tax Exempts

Business / Finance / Short-Term Tax Exempts: Ratios used to judge the adequacy of liquid assets for meeting short-term obligations as they come due, including (1) the current ratio, (2) the acid test ratio, (3) the inventory turnover ratio, and MORE

Separate Tax Returns

Business / Finance / Separate Tax Returns: Tax returns of married persons who choose to file their returns individually, usually because this approach produces lower overall tax payments. MORE

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