Respuesta :
Simply dividing the income tax expense by the profits (or money earned) before taxes yields the effective tax rate. On an income statement, tax expense is typically the last line item before the bottom line, or net income.
A tax levied against people or organizations (taxpayers) in relation to their income or profits is known as an income tax (commonly called taxable income). Tax rates multiplied by taxable income are typically used to calculate income taxes. Tax rates might change depending on the taxpayer's attributes and source of income. As taxable income rises, the tax rate can also (referred to as graduated or progressive tax rates). Corporate tax, which is often assessed at a fixed rate, is the name given to the tax charged on businesses. Individual income is frequently taxed at progressive rates, meaning that the tax rate increases for every subsequent dollar of income (for example, the first $10,000 of income is taxed at 0%, the following $10,000 is taxed at 1%, etc.). The majority of tax laws exempt local charitable groups. Investment income may be subject to a different tax rate than other types of income, which rate is typically lower. Credits of all kinds that lower tax may be granted. A tax on an alternative base or measure of income or an income tax, whichever is higher, may be imposed by some countries. Taxable income for taxpayers who reside in the jurisdiction is often calculated as total income less certain deductions and expenses that go toward earning income. In general, income only includes net gains from the sale of property, including items held for sale. Distributions of corporate earnings are typically included in the income of a corporation's shareholders. Deductions typically cover all expenditures incurred for operating a business or generating money, including a provision for the cost of corporate assets to be recovered. Many countries permit individuals to deduct hypothetical expenses, as well as maybe some personal expenses. The majority of states either do not tax income earned outside their borders or give taxpayers a credit for taxes paid to other states on such income. With rare exceptions, nonresidents are only subject to taxation on a limited range of income derived from sources within the jurisdictions.
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