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Why there is a difference among the company tax rate times with the firm’s accounting income? highlighting the reasons for differences.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter18: Accounting For Income Taxes

Section: Chapter Questions

Problem 18GI

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Why company tax rate is always different from company accounting income?
when multiplying companys tax rate with any firms accounting income , the result is always different with income tax expense . why ??
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