what is income tax expense equal to?\npretax income multiplied by the tax rate\nnet loss multiplied by the…

what is income tax expense equal to?\npretax income multiplied by the tax rate\nnet loss multiplied by the tax rate and negative 1\nearnings after taxes minus retained earnings

what is income tax expense equal to?\npretax income multiplied by the tax rate\nnet loss multiplied by the tax rate and negative 1\nearnings after taxes minus retained earnings

Answer

Brief Explanations:

Income tax expense is calculated by multiplying pretax income by the applicable tax rate. This is a fundamental accounting principle. Net loss multiplied by tax rate and negative 1 would not give income tax expense. Earnings after taxes minus retained earnings is not related to income tax expense calculation.

Answer:

pretax income multiplied by the tax rate