For Amazon in 2018, If Congress voted to eliminate corporate taxes, what would be the effect on Amazon's income statement and balance sheet? Defend your response. Calculate the income tax rate Amazon in 2018 and 2017. What effect will an increase in income of $2,000,000 have on Amazon in 2018? What are the effects on the balance sheet and income statement for Amazon? Justify your response. How much did Amazon pay in foreign taxes last year? What percentage of Amazons income is United States vs. foreign?