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The income tax footnote to the financial statements of Apple Inc., for the year ended December 31, 2016, includes the following information (in millions). ($
The income tax footnote to the financial statements of Apple Inc., for the year ended December 31, 2016, includes the following information (in millions).
($ millions) | 2016 |
|
Current tax provision |
|
|
Federal | $7,652 |
|
State | 990 |
|
Foreign | 2,105 |
|
| 10,747 |
|
Deferred tax provision |
|
|
Federal | 5,043 |
|
State | (138) | ) |
Foreign | 33 |
|
| 4,938 |
|
|
|
|
Provision for income taxes | $15,685 |
|
How much of the income tax expense is payable in 2016?
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