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Is income tax an operating expense on Income Statements?

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Is Income Tax Expense considered an Operating Expense on Income Statements?

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Solution Summary

The cited solution addresses the placement of income tax expense as part of a multi-step income statement, and then discusses the reasoning for that placement.

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That is a good question because clearly income tax is an expense of doing business and therefore it sounds like an operating expense. In the format of an income statement, however, income tax is calculated AFTER operating income. I suspect the real question is what is the definition ...

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