Income tax expense would be found on the income statement of a corporation,but not on the income statement of a sole proprietorship.

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Corporations are separate legal entities from their owners and are subject to federal and state income taxes. Therefore, income tax expense is recorded on the income statement of a corporation. Sole proprietorships, on the other hand, are not separate legal entities from their owners and are not taxed separately. The owner’s income and expenses are reported on their personal tax return, and there is no separate income statement for the business.

Income Tax Expense Would Be Found on the Income Statement