Which of the following taxes are included in the total income tax expense of a corporation as reported on its GAAP financial statements?
A) Federal income taxes.
B) Foreign income taxes.
C) State income taxes.
D) All of these taxes are included.

Question

Quizplus · Accepted Answer

All of these taxes (federal, foreign, and state income taxes) are included in the total income tax expense of a corporation as reported on its GAAP (Generally Accepted Accounting Principles) financial statements.

Which of the Following Taxes Are Included in the Total