Medical Cannabis Payment Solutions (Medical Cannabis Payment Solutions) Tax Expense : $ Mil (TTM As of . 20)

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What is Medical Cannabis Payment Solutions Tax Expense?

Medical Cannabis Payment Solutions's tax expense for the months ended in . 20 was $0.00 Mil.

Medical Cannabis Payment Solutions Tax Expense Historical Data

The historical data trend for Medical Cannabis Payment Solutions's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Medical Cannabis Payment Solutions Tax Expense Chart

Medical Cannabis Payment Solutions Annual Data

Trend

Tax Expense

Medical Cannabis Payment Solutions Quarterly Data

Tax Expense

Medical Cannabis Payment Solutions Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Medical Cannabis Payment Solutions (OTCPK:REFG) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Medical Cannabis Payment Solutions Tax Expense Related Terms

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Medical Cannabis Payment Solutions (Medical Cannabis Payment Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical Cannabis Payment Solutions Inc (OTCPK:REFG) » Definitions » Tax Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5940 S. Rainbow Blvd., Las Vegas, NV, USA, 89118

Website

https://www.paywithgo.com

Medical Cannabis Payment Solutions Inc is a United States-based company. Along with its subsidiaries, the firm is engaged in the development of ancillary services for the medical marijuana industry. The company offers a software product named Go that is a proprietary merchant processing system designed to serve the monetary demands of the state-legalized cannabis market and offers electronic payment, eCommerce features, solves cash handling issues and gives immediate access to funds.