you're right!

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Note added at 15 mins (2011-08-21 16:39:24 GMT)
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What is the difference between gross and taxable operating income? - [ Traducir esta página ]
www.experts123.com/.../what-is-the-difference-between-gr... - En cachéWhat is the difference between gross and taxable operating income?
TEXT - Section - [ Traducir esta página ]
edocket.access.gpo.gov/.../26cfr1.172-6.htm - Estados Unidos - En caché... Net Taxable year Taxable operating income loss ----------------------------- ------------------------------------------- 1954. ...
Wiley GAAP: Interpretation and Application of Generally Accepted ... - Resultado de la Búsqueda de libros de Google
books.google.es/books?isbn=0470554398...
Barry J. Epstein, Steven M. Bragg, Ralph Nach - 2010 - Business & Economics - 1368 páginas
There will be some taxable operating income generated in future years ($5000 annually, based on the earnings experienced in 2011), which will absorb a ...


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Note added at 1 hr (2011-08-21 17:51:42 GMT)
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It's certainly not "profit"!

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Note added at 4 hrs (2011-08-21 20:29:31 GMT)
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A few more reasons why "profit" is incorrect in accounting...
[PDF] Statistics and Reports - [ Traducir esta página ]
dor.wa.gov/.../create%20a%20report%20-%20statistics%20and%20reports. ..Formato de archivo: PDF/Adobe Acrobat - Vista rápida
Taxable operating income is the amount of income subject to the public ...
Mostrar más resultados de wa.govWhat is the difference between gross and taxable operating income? - [ Traducir esta página ]
www.experts123.com/.../what-is-the-difference-between-gr... - En cachéTaxable operating income is the amount of income subject to the public utility tax less any deductions. Examples of allowable deductions include bad debts, ...
The cost of capital: theory and estimation - Resultado de la Búsqueda de libros de Google
books.google.es/books?isbn=0899308627...
Cleveland S. Patterson - 1995 - Business & Economics - 315 páginas
Similarly, as debt usage increases a point may be reached where taxable operating income is insufficient to make full use of the interest tax shield to that ...
Summary of NF ENERGY SAVING CORP - Yahoo! Finance - [ Traducir esta página ]
biz.yahoo.com/e/110511/nfec10-q.html - En caché11 May 2011 – ... awarded energy conservation status, 1) as the service company, Nengfa Energy's taxable operating income is temporarily tax free. ...
[PDF] Methodology Paper For the Valuation GURU - [ Traducir esta página ]
www.axiomvaluation.com/.../MethodologyPaperForTheValuationG... de archivo: PDF/Adobe Acrobat - Vista rápida
Taxable operating income is then reduced by an estimated 40% federal and state income tax rate and the amount of what we term the tax shield. ...