ADP 2010 Annual Report Download - page 55

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P. Income Taxes.
The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the
current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in an entity
’
s
financial statements or tax returns. The Company is subject to the continuous examination of our income tax returns by the Internal
Revenue Service (“
IRS
”
)
and other tax authorities.
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