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Simple question Apple, Inc. Consolidated Statement of Operations before tax, that Apple paid to state, local and federal income taxes. Question 7 ( 0.15 points)
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Apple, Inc. Consolidated Statement of Operations before tax, that Apple paid to state, local and federal income taxes. Question 7 ( 0.15 points) Please provide your prediction for Apple sales for the year ending in September 2023? Do you think Apple will generate more sales this current year, than they have in prior years? Why yes or why no? Question 8 ( 0.15 points) For large companies the U.S. federal corporate tax rate is 21%. In addition, companies pay a variety of taxes to states and foreign governments. Compute the effective tax rate on Apple's Income statement for the 2020 year. (Do this by taking the provision for income tax expense and dividing it by income from operations.) Indicate the amount you computed. Is this tax amount more or less or about the same as what you would have expected? Apple, Inc. Consolidated Statement of Operations before tax, that Apple paid to state, local and federal income taxes. Question 7 ( 0.15 points) Please provide your prediction for Apple sales for the year ending in September 2023? Do you think Apple will generate more sales this current year, than they have in prior years? Why yes or why no? Question 8 ( 0.15 points) For large companies the U.S. federal corporate tax rate is 21%. In addition, companies pay a variety of taxes to states and foreign governments. Compute the effective tax rate on Apple's Income statement for the 2020 year. (Do this by taking the provision for income tax expense and dividing it by income from operations.) Indicate the amount you computed. Is this tax amount more or less or about the same as what you would have expectedStep by Step Solution
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