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It is a federal aid program administered by the U.S. Department of Agriculture (USDA) under the Food and Nutrition Service (FNS), though benefits are distributed by specific departments of U.S.
Earnings before tax (EBT) is a company’s pretax income and is mainly used to compare the profitability of similar companies in different tax jurisdictions.
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How Do I Calculate Earnings Before Tax (EBT)?EBT can be calculated in the following ways:
Revenue – all operating expenses, including the cost of goods sold, selling, general and administrative expenses, and depreciation and amortization
Earnings before interest and taxes (EBIT) – interest expense
Net income + taxes
Is Earnings Before Tax the Same as Income Before Tax?Yes. Income before tax or pretax income means the same thing as earnings before tax. These terms can be used interchangeably.What Is the Difference Between EBT, EBIT, and EBITDA?Earnings before interest and taxes (EBIT) and earnings before interest, taxes, depreciation, and amortization (EBITDA) add additional layers of comparability by adding back more stuff. Whereas EBT just adds tax expenditures to net income, EBIT adds back interest expenses as well. And EBITDA goes another step further by also adding back depreciation and amortization. Why is that? Because interest and depreciation and amortization, like taxes, are expenses that don’t necessarily reflect a company’s ability to generate earnings from its operations.
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