Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2 0 2 3 , Apple had revenue of $ 1 5 0 . 5 Billion and costs of $ 3 0 . 8

In 2023, Apple had revenue of $150.5 Billion and costs of $30.8 Billion. Assuming the corporate tax rate is 20% and the dividend tax rate is 10%, how much will owners of Apple collectively pay in taxes?
Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to two decimal places. E.g., if your answer is $7,001.56, should type ONLY the number 7001.56, NEITHER 7,001.6, $7001.6, $7,001.6, NOR 7002. Otherwise, Blackboard will treat it as a wrong answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of Financial Modeling

Authors: Jack Avon

1st Edition

1430262052, 978-1430262053

More Books

Students also viewed these Finance questions

Question

=+LO 8-5 Illustrate your ability to foster team effectiveness.

Answered: 1 week ago