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    kmanda99's Avatar
    kmanda99 Posts: 2, Reputation: 1
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    #1

    Dec 11, 2011, 08:22 PM
    How to figure income tax expense?
    If I'm told income tax rate is 20%, what do I multiply the percentage by to calculate Income Tax Expense?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 12, 2011, 06:36 AM
    Earnings Before Income Taxes known as EBIT, which willl be your revenues minus expenses.
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