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Basic Question 6 of 7
The basis for a company's income tax payable is its ______.
B. accounting profit
C. deferred income
A. taxable income
B. accounting profit
C. deferred income
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Learning Outcome Statements
contrast accounting profit, taxable income, taxes payable, and income tax expense and temporary versus permanent differences between accounting profit and taxable income
CFA® 2025 Level I Curriculum, Volume 3, Module 9.