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Respond to the following in a minimum of 175 words: Please explain how income taxes are different to other business taxes. Provide examples of applications.

Respond to the following in a minimum of 175 words:

Please explain how income taxes are different to other business taxes. Provide examples of applications.

Explain the difference between Earnings and Profits (E&P) and taxable income.

Describe the objectives behind FASB ASC Topic 740, Income Taxes, and the income tax provision process.

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