In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 in
come statement reported income tax expense of $2,953 million. What did Microsoft report as income before income tax expense that year? What did Microsoft report as income before income tax expense that year?
a. $14,826 million
b. $19,687 million
c. $27,054 million
d. $ 7,571 million
e. None of the above
From the question, we are informed that Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15% and that the 2016 income statement reported income tax expense of $2,953 million.
The amount reported by Microsoft as income before income tax expense that year will be calculated as:
<span>With respect to organizational change, this would also represent a change in the type of waste machines that are used in the Industry. Since the EPA is targeting a 30% reduction of waste generated by coal-fired powerplants, the manufacturing industries are now required to adapt the new method that is establish to minimize carbon footprint.</span>
