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Microsoft Corporation reported a net income of $18 billion for the fiscal year ending December 31, 2023. During the same period, the company paid $4.5

Microsoft Corporation reported a net income of $18 billion for the fiscal year ending December 31, 2023. During the same period, the company paid $4.5 billion in income taxes. Calculate the following:

  1. Microsoft's effective tax rate for the fiscal year.
  2. The after-tax net income attributable to common shareholders.
  3. The percentage of income taxes to net income.

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