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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. $12,841 $11,109 $6,194
Non-U.S. 504 514 457
Total $13,345 $11,623 $6,651

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

Years ended December 31 ($ millions) 2018 2017 2016
Current tax expense
U.S. federal $2,248 $1,531 $1,432
Non-U.S. $169 $149 $133
U.S. State 97 23 15
Total current $2,514 $1,703 $1,580
Deferred tax expense
U.S. federal $(1,145) $235 $(626)
Non-U.S. $(4) $3 $(4)
U.S. State 5 (6) (44)
Total deferred $(1,144) $232 $(674)

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. federal and Non-U.S. operations for each year. Round percentage to one decimal place (example: 0.7345 = 73.5%).

Year U.S. federal 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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