What was the total federal current income tax expense for Auntie Annes in 2023?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| For the fiscal years ended: | 2023 | 2022 | |
|---|---|---|---|
| Current: | |||
| Federal | $ 13,888 | $ 10,615 | |
| State | 4,069 | 3,952 | |
| Foreign | 2,695 | 2,346 | |
| Deferred: | |||
| Federal | (2,138) | 4,060 | |
| State | (463) | 162 | |
| Income tax expense | $ 18,051 | $ 2 1,135 |
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Anne's 2024 Franchise Disclosure Document, the federal current income tax expense for the fiscal year ended December 31, 2023, was $13,888. This is in contrast to $10,615 for the fiscal year ended December 25, 2022.
In addition to federal income taxes, Auntie Anne's also incurred state and foreign income tax expenses. For 2023, these were $4,069 and $2,695, respectively. These figures provide a more detailed picture of the various tax obligations that Auntie Anne's faced during that fiscal year.
It is important to note that these figures represent only the current portion of income tax expenses. Auntie Anne's also had deferred federal income tax benefits of ($2,138) and deferred state income tax benefits of ($463) for 2023. The total income tax expense for Auntie Anne's in 2023 was $18,051.