What was the total state income tax expense for Expense Reduction Analysts?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
---------------------| | Federal | $ | (32,756) | $ | 126,213 | $ 93,457 | | State | | 460 | | | 460 | | Total Income Tax Expense | $ | (32,296) | $ | 126,213 | $ 93,917 |
The income tax provision consisted of the following for the year ended December 31, 2022:
| | | Current | I | Deferred | Total | |--------------------------------|----|-------------------|----|----------|-------------------------| | Federal | $ | 237,935 | $ | (25,851) | $ 212,084 47,830 | | State Total Income Tax Expense | s | 47,830 285,765 | $ | (25,851) | $ 259,914 | The Company's effective income tax rate is higher than what would be expected if the federal statutory rate were applied to in
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the total state income tax expense for 2024 was $47,830. The deferred state income tax expense was listed as a negative $25,851, resulting in a total of $259,914 when combined with the federal income tax expense.
In 2023, the state income tax expense was $460. When combined with the federal income tax expense, the total income tax expense was $93,917. The deferred federal income tax expense was $126,213.
It is important to note that these figures reflect the consolidated financial results of Expense Reduction Analysts, Inc. and its subsidiaries. A prospective franchisee should consult with a financial advisor to understand the implications of these expenses and how they might affect their own financial situation.