Income before income tax expense

Assignment Help Accounting Basics

Reference no: EM13974440

In fiscal 2013, Microsoft Corp. reported a statutory tax rate of 35.00% and an effective tax rate of approximately 19.18 %. The tax rate on operating profit was 19.39%. The 2013 income statement reported income tax expense of $5,189 million. What did Microsoft report as income before income tax expense that year?

A) $14,826 million

B) $28,071 million

C) $27,054 million

D) $ 7,571 million

E) None of the above

Reference no: EM13974440

Questions Cloud

Television shows that aired in the twentieth century : Premise 1 all television shows that aired in the twentieth century were game shows. Premise 2 supermarket sweep was a television show that aired in the twentieth century. Conclusion: therefore, supermarket sweep was a game show. How does this argumen..

Compare kant and aristotle on the relation : Needing help with this problem, and the book we are using for Kant in particular is the "grounding for the Metaphysics of Morals." Q. Compare Kant and Aristotle on the relation between reason and happiness. Using philosophical reasons, briefly expla..

Explain different forms of art impacted during this movement : The Harlem Renaissance was a cultural movement during the 1920's. Explain the different forms of art impacted during this movement. Who was involved and what were some of the most lasting works to come out of it? What was the biggset and most l..

Raise the income tax and dedicate the money : Impose an international tax on all activities that produce atmospheric carbon dioxide and use the revenue to pay people in low-lying countries to relocate when the ocean levels rise.

Income before income tax expense : The tax rate on operating profit was 19.39%. The 2013 income statement reported income tax expense of $5,189 million. What did Microsoft report as income before income tax expense that year?

According to the contemporary philosopher ned block : According to the contemporary philosopher Ned Block, the doctrine of Functionalism in philosophy of mind is "guilty of liberalism". Could someone please provide a premise-by-premise reconstruction of his argument(s), specifically his famous "Nation o..

How would you go about making this role a reality : How can you become a more compassionate person yourself?

The contemporary philosopher ned block : According to the contemporary philosopher Ned Block, the doctrine of Functionalism in philosophy of mind is "guilty of liberalism". Could someone please provide a premise-by-premise reconstruction of his argument(s), specifically his famous "Nation o..

Analyze unemployment and inflation data : Analyze unemployment and inflation data. Analyze interest rate fluctuations throughout Mistime period and their effects on other aspects of the economy.

User Account

All Pages