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Use the following financial information of Ouyang Inc. to answer questions 1 and 2: Table: Financial Information Financial Information 20X3 20X2 20X1 Before-tax income Domestic
Use the following financial information of Ouyang Inc. to answer questions 1 and 2:
Table: Financial Information
Financial Information | 20X3 | 20X2 | 20X1 |
Before-tax income Domestic | 182,932 | 192,839 | 192,083 |
Before-tax income Foreign | 78,293 | 73,622 | 56,239 |
261,225 | 266,461 | 248,322 | |
Current Income Taxes: | |||
Federal | 27,382 | 26,372 | 28,912 |
Foreign | 3,894 | 2,839 | 3,428 |
31,276 | 29,211 | 32,340 | |
Deferred Income Taxes: | |||
Federal | (2,738) | 372 | 623 |
Foreign | 372 | 928 | 823 |
(2,366) | 1,300 | 1,446 | |
Total | 28,910 | 30,511 | 33,786 |
What was the tax provision of 20X3?
Group of answer choices:
28,910
31,276
30,511
-2,366
33,786
Which of the following is true about the effective tax rate on foreign income:
Group of answer choices:
the highest rate was in 2011;
the highest rate was in 2012;
the highest rate was in 2013;
the lowest rate was in 2013;
the rates were the same for all years;
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