What was the amount of taxes for Batteries Plus Bulbs in the first period presented in the table?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Operating income | 20,352 | 23,243 | |
|---|---|---|---|
| Other expense | |||
| Interest expense | ( 50) | ( 80) | |
| Taxes | ( 2) | 64 | |
| Interest income | 3 | 3 | |
| Other expense, net | ( 49) | ( 13) | |
| NET INCOME | $ 20,303 | $ 23,230 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the amount of taxes for the first period presented in the table was a deduction of $2. This figure appears within the context of 'Other expense (income)' items, specifically listed under expenses as 'Taxes'.
This indicates that Batteries Plus Bulbs had a minimal tax liability or potentially received a tax credit during that period. It's important to note that this figure represents taxes at the corporate level and may not directly reflect the tax obligations of individual franchisees. Franchisees should consult with a financial advisor to understand their own tax responsibilities.
It is also important to note that the table includes other financial details such as interest expense, which was a deduction of $50, and interest income, which was $3. These figures, along with the tax amount, contribute to the overall 'Other expense, net' calculation, which was a deduction of $49 for the period.