Income tax payable is a liability reported for financial accounting purposes. It shows the amount that an organization expects to pay in income taxes within 12 months. It is reported in the current liabilities section on a company's balance sheet.应交所得税是出于财务会计目的报告的负债，表示公司...
应付所得税例句:1.In this example, the solarwind corporation has income taxesof$ 100 on the statement, there is a decrease in income taxespayable of$ 10 on the balance sheet.在本例中，太阳风公司损益表上的所得税费用是100美元，资产负债表上的应付所得税减少额是10美元。2.An enter...
Upon completing its federal income tax return, an organization knows the actual amount of taxes due to the US government for that tax year. The taxes payable within a year are reflected on the balance sheet as current income tax liabilities. Taxes due in future years are listed as deferred i...
Income tax payable, on the other hand, is what appears on the balance sheet as the amount in taxes that a company owes to the government but that has not yet been paid. Until it is paid, it remains as a liability. How to Calculate Income Tax Payable on the Balance Sheet In order to...
Income Taxes Payablemeans the income taxes payableas showninthe Financial Statementsand theClosing Date Balance Sheet; Sample 1 Income Taxes Payable.Deferred Income Taxes," "Other Current Liabilities" or "Current Maturitiesof Long-Term Obligations" orfor cashoverdrafts or (b) from any breach ordefa...
income taxes payable(Dictionary) Author: Harold Averkamp, CPA, MBA Definition A current liability account which reflects the amount of income taxes currently due to the federal, state, and local governments. Related Q&A What are payroll taxes? Where do you account for payroll taxes on the inco...
“Income tax payable” is a financial accounting term for the current liability reported on an organization’s balance sheet. It indicates the taxes that the organization expects to pay within 12 months. 应交所得税是财务会计术语,在公司资产负债表作为流动负债列示,表示公司预计在12个月内缴纳的税款...
On a balance sheet, accrued income taxes are short-term or long-term debts -- the exact classification depends on the repayment window. If the government expects tax dollars within the next 12 months, the accrued debt is a short-term obligation; otherwise, it’s a long-term commitment. ...
应交税金 taxes payable 应付股利 dividends payable 应付福利费 allowance payable 其他应付款 other accounts payable 职工奖励及福利基金 bonus and allowance bond 一年内到期的长期借款 short term accounts payable 其它流动负债 other current liabilities
"Income Tax Payable" is a type of account in the current liabilities section of a company's balance sheet. This account is comprised of taxes that must be paid to the government within one year. Income tax payable is calculated according to the prevailing tax law in the company'...