A company's income tax expense is calculated on the basis of book profit,but the income tax payable amount is based on the:

Name: A company's income tax expense is calculated on the basis of book profit,but the income tax payable amount is based on the:
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Question

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Income tax payable is calculated based on the amount of taxable income, as calculated on the income tax return, which may be different from the book profit. The other options (B, C, D) are not directly related to the calculation of income tax payable.

A Company's Income Tax Expense Is Calculated on the Basis