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Basic Question 2 of 7
Which of the following is the income that is used to compute the amount of taxes to be paid in a period?
B. Taxable income
C. Either one can be used.
A. Pretax accounting income
B. Taxable income
C. Either one can be used.
User Contributed Comments 5
| User | Comment |
|---|---|
| Yurik74 | The only question I got answered right : ))) |
| DannyZhou | Me too! |
| dipu617 | Me too!!!! ;-) |
| gulfa99 | mmm...i am not good at this...i dont pay taxes |
| Diruuk | Me Too!!!! |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
contrast accounting profit, taxable income, taxes payable, and income tax expense and temporary versus permanent differences between accounting profit and taxable income
CFA® 2025 Level I Curriculum, Volume 3, Module 9.