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The income tax footnote to the 2018 financial statements for Boeing follows. The components of income before tax were: Years ended December 31 ($ millions)

The income tax footnote to the 2018 financial statements for Boeing follows.

The components of income before tax were:

Years ended December 31 ($ millions) 2018 2017 2016
U.S. $13,399 $11,592 $6,463
Non-U.S. 526 536 476
Total $13,925 $12,128 $6,939

Income tax expense/(benefit) consisted of the following:

Years ended December 31 ($ millions) 2018 2017 2016
Current tax expense
U.S. federal $2,341 $1,595 $1,491
Non-U.S. $169 $149 $133
U.S. State 97 23 15
Total current $2,607 $1,767 $1,639
Deferred tax expense
U.S. federal $(1,195) $245 $(653)
Non-U.S. $(4) $3 $(4)
U.S. State 5 (6) (44)
Total deferred $(1,194) $242 $(701)

a. What is the amount of income tax expense reported by Boeing each year?

Year ($ millions)
2018 Answer
2017 Answer
2016 Answer

b. What percentage of total tax expense is currently payable for each year? Round percentage to one decimal place (example: 0.7345 = 73.5%).

Year
2018 Answer
2017 Answer
2016 Answer

c. What is Boeings effective (average) tax rate for each year? Round percentage to one decimal place (example: 0.7345 = 73.5%).

Year
2018 Answer
2017 Answer
2016 Answer

d. Use the pretax information to determine the effective tax rate for U.S. and Non-U.S. operations for each year. Round percentage to one decimal place (example: 0.7345 = 73.5%).

Year U.S. Non-U.S.
2018 Answer Answer
2017 Answer Answer
2016 Answer Answer

e. Determine the cash tax rate for U.S. operations for each year. Hint: Current tax expense is paid in cash. Round percentage to one decimal place (example: 0.7345 = 73.5%).

Year
2018 Answer
2017 Answer
2016 Answer

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