Below is information from Amazon\'s 2012 income tax footnote: RECONCILIATION OF

Question

Below is information from Amazon's 2012 income tax footnote: RECONCILIATION OF AMAZON'S STATUTORY AND EFFECTIVE TAX RATES YEAR ENDED DECEMBER 31 2012 2011 2010 Federal statutory tax rate State taxes, net of federal impact Impact of foreign tax differential Tax credits 35.0% 1.5 (8.4) (3.2) 35.0% 35.0% 1.5 (12.7) 31.5 (4.4) 11.1 1.6 5.2 22 21.8% Other Effective income tax rate 27.4% 27.9% Amazon reported tax expense on its 2012 income statement of S428 million. What did Amazon report as income before income taxes on its 2012 income statement? (Enter your answer in millions rounded to nearest whole number.) before income taxes 544:million

Explanation / Answer

Income before income taxes = 428/0.218

= 1963 milion

So, answer is 1963 million

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