For the year ending December 31, 2017, refer to the annual report for Gannett Co. Inc. Gannett's stock symbol is GCI and is traded on the New York Stock Exchange. Answer the following three questions in a Word document (or other software) and submit it online. Here are the questions: 1. What was Gannett's effective tax rate for the year ending 12/31/2017? 2. Where (or how) did you find that information, what's your source? (Just identify the source, I don't need a full citation.) 3. Why is Gannett's effective tax rate different from 35% (the rate in effect for 2017)? What's the BIG reason for the difference, just identify one or two reasons. You don't need to explain it, just identify the source of the difference.

Connect x2017 Gannet G adobe acrobat - Ec x Cinvestors gannett.com/sites/ re.com/files/doc library/file/201/ Gannet Annual Report.pdf 59 112 GANNETT CO.. INC CONSOLIDATED AND COMBINED STATEMENTS OF INCOME December 3 2017 December 25, December 27 Fiscal year ended 2015 1,791,6181,703,795 ,6l1 445 ther 146,480 89 1810.420 95,548 132,964 55,940 Cosi of sles und oporaling enpemses 95,991 191,885 46,796 44,284 3,078,909 67,571 Asset impairment charges 29.130 2.958,104 2,720.907 Non-operating income (expense): Interest expensae Incume before income lases Provision tor income taxes Net income Net income per share basic Net inceme per share diluterd 9,688) 26,830) 40,741 33,854 (22,942) 66,428 13,718 52,710 S 193,975 7.884 146001 1.27 6,887S 0.06 S 0.45 S 0.44