If we know that accounting tax expense is not accepted as tax deduction, why do we do

Fantastic news! We've Found the answer you've been seeking!

Question:

If we know that accounting tax expense is not accepted as tax deduction, why do we do it from the beginning ?

Are governments officials crazy in the sense that tax depreciation is usually faster (Depreciates faster) than accounting depreciation?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Feb 07, 2023 11:27 PM

See More Questions

If we know that a firm has a net profit margin of 4.5%, total asset turnover of 0.72, and a financial leverage multiplier of 1.43, what is its ROE? What is the advantage to using the DuPont system to...
If we know that a force of 5 N acts on an object while it moves 2 meters, can we calculate how much work was done with no other information? Explain.
If we know that 100 elements have been allocated to the two dimensional array A, then both subscripts of A must run from 0 to 9; that is, A must have 10 rows and 10 columns. True or False
To enable a process to Wait(condition) within the monitor, which one of the following is TRUE? All of mentioned Semaphore must be used Condition variables must be used as boolean objects A condition...
Contrast the three traditional organizational designs.
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Additional data obtained from the income statement and from an examination of the accounts...
You are a small manufacturer of specialty medical devices located in Chicago, Illinois, and the market for your product is cardiologists in the United States. Does globalization affect your business?...
Financial ratio analysis is conducted by managers, equity investors, long-term creditors, and short-term creditors. What is the primary emphasis of each of these groups in evaluating ratios?
Jenny Corporation recorded warranty accruals as at December 3 1 , 2 0 1 9 , in the amount of $ 1 5 0 , 0 0 0 . This reversing difference will cause deductible amounts of $ 5 5, 0 0 0 in 2 0 2 0 , $...
Journalize the following transactions into the general journal. The chart of accounts, the trial balance from January, 1 2020, schedule of accounts payable, and the schedule of accounts receivable is...
You are the financial manager of Concord (Pty) Ltd. Concord's executive committee requested you to present the committee with the company's current market-valued weighted average cost of capital...
Decompose the $(i+1)$ th block pulse function component using two delayed unit step functions, and graphically prove that the integration of these component functions finally result in the figure...
An account planner is often considered the consumer advocate. Pick a brand that you like and usea brand that would be your best friend. What three things does the consumer like most about the brand?...
Derive the relation $\boldsymbol{\Phi}=\mathbf{W} \Psi$ where $\mathbf{W}$ is the Walsh matrix, $\boldsymbol{\Phi}$ is the Walsh function vector, $\Psi$ is the block pulse function vector of...
Explain why the operational matrix for integration $\mathbf{P}$, is of an upper triangular form. What are the mathematical advantages of an upper triangular matrix?
What is e-commerce.
On December 31,2018, Max Company committed to a plan to discontinue the operation of Underwear Division. The fair value of the facilities was P1,000,000 less than carrying amount on December 31,2018...
Audrey purchases a riding lawnmower using a 2-year, no-interest deferred payment plan at Lawn Depot for x dollars. There was a down payment of d dollars and a monthly payment of m dollars. Express...
Please answer the following questions regarding the taxability of Social Security: a. A 68-year-old taxpayer has $20,000 in Social Security income and $100,000 in tax-free municipal bond income. Does...
Quince Interests is a partnership with a tax year that ends September 30, 2012. During that year, Potter, a partner, received $3,000 per month as a guaranteed payment, and his share of partnership...
John Williams (age 42) is a single taxpayer, and he lives at 1324 Forest Dr., Reno, NV 89501. His Social Security number is 555-94-9358. John's earnings and withholdings as the manager of a local...
The group $\mathrm{D}_{3}$ in Schoenflies notation (32 in international notation, which is read "three-two"; see Table 5.1 ) consists of the proper (those not reflections or inversions) covering...
Derive the two-dimensional matrix representation Tic)=(2) Tin)=(3) Tex)=(37) (69) T(c2b)= 1 TO)-(71) 10-(11) TO=(9) = for the group D3, using the basis (e1, e2) defined in the following figure.
Prove that the matrix representation of $\mathrm{D}_{3}$ worked out in Problem 5.6 is irreducible. Data from Problem 5.6 Derive the two-dimensional matrix representation Tic)=(2) Tin)=(3)...

If we know that accounting tax expense is not accepted as tax deduction, why do we do

Question:

Expert Answer:

The detailed answer for the above question is provided below If we know that accounting tax expense ... View the full answer

Income Tax Fundamentals 2013

Students also viewed these accounting questions