What was the computed tax provision at the federal statutory rate for Ben Jerrys in 2023?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | Percentage | 2022 | Percentage | |
|---|---|---|---|---|
| Computed tax provision at federal | ||||
| statutory rate | $ 326 | 21.0% $ | (68) | 21.0% |
| State and local taxes, net of federal | ||||
| benefit | $ 48 | 3.1% $ | (13) | 4.1% |
| Non-deductible expenses | $ 16 | 1.0% $ | 14 | -4.3% |
| Other | $ - | 0.0% $ | - | 0.0% |
| Income tax (benefit) provision | $ 390 | 25.2% $ | (67) | 20.8% |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the computed tax provision at the federal statutory rate for 2023 was $326. This figure represents 21.0% of an unspecified base amount. In comparison, the computed tax provision at the federal statutory rate for 2022 was $(68), which also represented 21.0% of an unspecified base.
In addition to the federal statutory rate, Ben Jerrys also incurred state and local taxes, net of federal benefit, amounting to $48 in 2023 (3.1%) and $(13) in 2022 (4.1%). Non-deductible expenses were $16 in 2023 (1.0%) and $14 in 2022 (-4.3%).
Overall, the income tax provision for Ben Jerrys was $390 in 2023, representing 25.2%, while in 2022, there was an income tax benefit of $(67), representing 20.8%. These figures provide a snapshot of the company's tax obligations and benefits over the two-year period, offering insight into its financial performance and tax management strategies.