Income taxes expense represents the amount of income taxes

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Income taxes expense represents the amount of income taxes applicable to the amount of income from continuing operations for the period, which is computed in accordance with the income tax code. It does not necessarily reflect the actual amount payable to the IRS for the period, as this may be affected by various factors such as tax credits and carryforwards. The income taxes expense is based on the amount of taxable income for the period, but this is not the only factor that determines the amount of income taxes payable.

Income Taxes Expense Represents the Amount of Income Taxes