Provided below is selected data from Amazons footnotes for fiscal year 2010. For all your questions, refer only to the information provided in the problem set, and assume a tax rate of 35%.

How much tax did Amazon pay in cash in 2010?

In 2010, 2009, and 2008 we recorded net tax provisions of $352 million, $253 million, and $247 million. A majority of this provision is non-cash. We have current tax benefits and net operating losses relating to excess stock-based compensation that are being utilized to reduce our U.S. taxable income. As such, cash taxes paid, net of refunds, were $75 million, $48 million, and $53 million for 2010, 2009, and 2008. The components of the provision for income taxes, net are as follows: Year Ended December 31, 2010 2009 2008 (in millions) $311 37 $149 23 $227 25 348 172 252 Current taxes: U.S. and state International Current taxes Deferred taxes: U.S. and state International Deferred taxes 1 3 89 (8) 3 (8) 4 81 (5) $247 Provision for income taxes, net $352 $253 Deferred income tax assets and liabilities are as follows: December 31, 2010 2009 (in millions ) Deferred tax assets: Net operating lossesstock-based compensation (1) Net operating lossesother ..... Net operating lossesobtained through acquisitions (2) Stock-based compensation Assets held for investment Revenue items. Expense items Other items Net tax credits (3) Total gross deferred tax assets Less valuation allowance (4) Deferred tax assets, net of valuation allowance Deferred tax liabilities: Basis difference in intangible assets Expense items .. Deferred tax assets, net of valuation allowance and deferred tax liabilities $ 4 $ 120 82 50 7 7 101 118 61 125 23 58 254 172 75 42 14 6 621 (146) 698 (173) 475 525 (209) (218) (226) (168) $ 40 $ 139