Contains the cash taxes paid by a company excluding refunds due to net operating losses carried forward or backward. Income taxes consist of domestic and foreign federal (national), state, and local (including franchise) taxes based on income. In historical periods, enter the taxes paid. In the forecast periods, the default forecast method is as a Percent of Taxable Income (v3140.00). The statutory tax rate must be entered into the Trial Provision for Income Taxes (v1610.00) account. This formula can be modified to model different tax calculations types (such as for various countries) using a Freeform formula.