What was the federal current tax amount for Management Recruiters on December 31, 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
determined adversely, will not have a material adverse effect on our business, financial condition or results of operations. There have been no material changes in our legal proceedings as of December 31, 2023.
Note 12 – Income Tax
The provision for income taxes is comprised of the following (in thousands):
| December 31, 2023 | December 31, 2022 |
|---|
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 tax amount for the company on December 31, 2022, was $1,874. This figure represents the amount of federal income taxes currently owed by Management Recruiters as of that date.
This information is part of Management Recruiters' financial statements, which provide a snapshot of the company's financial position at specific points in time. Franchisees can use this data, along with other figures in the financial statements, to assess the financial health and stability of Management Recruiters.
It's important to note that this is just one data point and should be considered in the context of the entire financial statement, including assets, liabilities, and equity. Prospective franchisees should consult with a financial advisor to fully understand the implications of these figures.