The unpaid amount of income taxes due to the government for a given year are found on the

A) balance sheet in the account Deferred Income Taxes.
B) balance sheet in the account Income Taxes Payable.
C) income statement in the account Income Tax Expense Current.
D) income statement in the account Income Tax Expense DeferreD.

Deferred Income Taxes

Represents taxes that are owed but not yet paid, due to differences in the timing of recognition of revenue and expenses for tax reporting and financial accounting purposes.

Income Taxes Payable

The sum of income tax that a company is liable to the government but remains unpaid.

Income Tax Expense

The total amount of income tax that a company expects to pay in a given fiscal period, appearing on the income statement.