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The provision (benefit) for taxes on income consists of the following: 

## MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

<img src='content_image/219830.jpg'>

The provision for taxes on income shown in the previous table is classified based on the location of the taxing authority, regardless of the location in which the taxable income is generated. 

The major elements contributing to the difference between the U.S. federal statutory tax rate and the consolidated effective tax rate are as follows: 

<img src='content_image/219831.jpg'>

The Company believes that its accrued liabilities are sufficient to cover its U.S. and foreign tax contingencies. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below: 

<img src='content_image/219833.jpg'>

<img src='content_image/219834.jpg'>

