What was the federal income tax expense for Big Apple Bagels in 2022?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Federal | $ 123,906 | $ 118,446 | $ 68,985 | |
| State | ||||
| 41,951 | 40,103 | 23,356 | ||
| Deferred | 4,150 | 19,448 | 75,966 | |
| Income tax expense | $ 170,007 | $ 177,997 | $ 168,307 |
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the federal income tax expense for 2022 was $68,985. This figure represents the amount of federal income taxes that Big Apple Bagels expects to pay for that year. It's important to note that this is just one component of the overall income tax expense.
In addition to the federal income tax expense, Big Apple Bagels also incurred a state income tax expense of $23,356 and a deferred income tax expense of $75,966 in 2022. The total income tax expense for Big Apple Bagels in 2022 was $168,307.
Prospective franchisees should understand that these figures reflect the tax situation for Big Apple Bagels as a company, and not necessarily the tax obligations they will face as individual franchise owners. Franchisees should consult with a tax professional to understand their own specific tax liabilities and how they might be affected by owning a Big Apple Bagels franchise.