Income Taxes

1 minutes read
Last updated: November 6, 2023

Now, let’s compute taxes on the income statement. We will first revisit the tax schedule we created earlier to link the income before tax we calculated in the previous step to the tax schedule. Note that we are not simply applying the corporate tax rate of 35% here, since there may be tax adjustments contemplated in the tax schedule that cause the effective tax rate to differ from the corporate tax rate.


Download Template

Income Taxes

Try Macabacus for free to accelerate financial modeling in Excel.

Speed Up Financial Modeling with Macabacus

Try the leading Microsoft 365 add-in for finance and banking. Create complex financial models and branded presentations in record time.

Start a Free Trial

Discover more topics

Build an operating model
In this tutorial, we will walk through how to build a general industry business operating model.
Read more
Build an M&A model
In this section, we demonstrate how to model a merger of two public companies in Excel.
Read more
Build an LBO model
In this tutorial, we will walk you through building an LBO model in Excel.
Read more
Asset and Stock Deals
The first step in purchase price allocation, or PPA, is to determine the purchase price.
Read more