Why might income tax expense on the income statement differ from actual income taxes paid to the government?

Question

Quizplus · Accepted Answer

Income tax expense on the income statement may differ from actual income taxes paid to the government due to timing differences in when income is recognized and expenses are deducted for tax purposes. Additionally, certain items may or may not be subject to taxation, which can also impact the difference between income tax expense and actual taxes paid.

Why Might Income Tax Expense on the Income Statement Differ