Question

what is the formula for determining income tax expense? 0 0 0 0 income tax expense = gross profit / tax rate income tax expense = gross profit x tax rate income tax expense = gross profit + tax rate income tax expense = gross profit - tax rate

Explanation:

Income tax expense is calculated by multiplying the taxable income (here approximated by gross - profit for simplicity in this context) by the tax rate. Multiplication is the correct operation to find the amount of tax expense.

Answer:

Income tax expense = Gross profit x Tax rate