Analyzing and Interpreting Income Tax Disclosures Apple Inc. reports the following footnote disclosure to its 2018 10-K report ($ millions). The provision for income taxes consisted of the following:

Fiscal Year Ended	September 29, 2018
Federal
Current	$57,995
Deferred	(47,347)
	10,648
State
Current	771
Deferred	67
	838
Foreign
Current	5,580
Deferred	1,653
	7,233
Total	$18,719

a. What amount of income tax expense does Apple report in its income statement for 2018? $Answer million b. How much of Apples income tax expense is current (as opposed to deferred)? $Answer million c. How do deferred taxes impact the tax expense that is reported on the income statement? As deferred tax liabilities increase, reported tax expense AnswerIncreasesDecreasesDoes not change As deferred tax liabilities decrease, reported tax expense AnswerIncreasesDecreasesDoes not change As deferred tax assets increase, reported tax expense AnswerIncreasesDecreasesDoes not change As deferred tax assets decrease, reported tax expense AnswerIncreasesDecreasesDoes not change