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What if income tax provision is higher than deferred income tax?
Wiki User
∙ 14y ago
You may not understand what your asking, in provision and "tax" are 2 different things. Provision is a purely accounting (GAAP) term. it has nothing to do with IRS tax really. It isn't even part of IRS vernacular really.
An Income Tax Provision basically has 2 components; Deferred Tax Provision & Current Tax Provision. (Some ancillary accounting lines may have to do with credits and tax effect of state tax deduction for example).
The total income tax provision is the combination of the 2. If current tax provision is higher than deferred tax provision, than the deferred tax provision is a tax benefit. A very common thing that happens when tax accounting requires a provision be recorded for income recorded for GAAP before it is income for tax.
Wiki User
∙ 14y ago
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Is gross income higher than net income?
Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.
What can be removed from a budget if spending is higher than income?
Discretionary spending
What income is higher net income or gross income?
Normally gross income is higher than net income as gross income only includes direct expenses for manufacturing of goods while in net income other administrative expenses are also deducted but even then net income may be high if company has other income which is not related to specific business related activities and this income is also have very significant amount otherwise gross income is normally more than net income.
What is most easily be removed from a budget if spending is higher than income?
discretionary spending
Do you get a higher return on taxes with 3 kids and the one parent working?
I am not certain what you are asking here. Higher than if you had a two-income household? Higher than if you had two kids, or four kids?
Is gross income higher than net income?
Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.
Is the per capita income of Maryland higher or lower than the per capita income of Maine?
Higher
Is the per capita income of Colorado higher or lower than Arizona?
Higher. Arizona has a per capita income of $34,999, and Colorado has a per capita income of $42,802.
What is a call provision when referring to money market instruments?
A call provision is a provision that gives the issuers of bonds (or other fixed income instrument) the right but not responsibility to repurchase the bonds or redeem a security prior to it maturing. A call provision will almost always favor the issuer rather than the investor.
When is the Gnp higher than Gdp?
GNP is higher when there is more income generated from Americans on our land and abroad then there is by the income generated domestically alone.
How does the worldwide average income and the us average income compare?
The US average income is MUCH higher than the world average income.
What is per capita income of lipa city Philippines?
higher than the national per capita income
What can be removed from a budget if spending is higher than income?
Discretionary spending
Should the rich have to pay a greater portion of their income in taxes than the poor why or why not?
The rich do in fact pay a higher percentage of their income in income tax, because we have a progressive income tax based on six different tax brackets, where the higher your income is the higher a percentage tax bracket you will be in. Depends on which country you're in. In the US, this is not the case.
What income is higher net income or gross income?
Normally gross income is higher than net income as gross income only includes direct expenses for manufacturing of goods while in net income other administrative expenses are also deducted but even then net income may be high if company has other income which is not related to specific business related activities and this income is also have very significant amount otherwise gross income is normally more than net income.
What is the average income in Paris?
The average income in Paris is 36,085 pounds. This is about $67,081 US dollars. Paris has a higher income than the rest of France.
How rich is chris?
But, if you must know his income is higher than 200,000 dollars a year.
