A tax benefit represents:

Name: A tax benefit represents:
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

A tax benefit represents the present and deferred benefit that the company will be able to realize from the tax loss through a reduction of income taxes. Therefore, option D is the most suitable answer. Option A is incorrect because a taxable loss may not necessarily result in a tax benefit. Option B is incorrect because tax benefits may not always result in a refund, and option C is too general and vague.

A Tax Benefit Represents