What was the federal current income tax for Management Recruiters on December 31, 2021, in thousands?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
dition or results of operations. There have been no material changes in our legal proceedings as of December 31, 2022.
Note 12 – Income Tax
The provision for income taxes
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, the federal current income tax as of December 31, 2021, was $2,030,000. This figure is presented in thousands within the financial statements.
This indicates the amount of federal income taxes Management Recruiters was obligated to pay as of that date. It reflects the company's tax liabilities based on its income for the period.
Prospective franchisees should note that this is a reflection of Management Recruiters' corporate tax obligations and does not directly translate to the tax obligations of individual franchisees. However, understanding the financial health and tax responsibilities of the franchisor can provide insight into the overall stability and compliance practices of the company.