Business, 30.12.2021 05:00 Reganlist

The income tax footnote to the financial statements of Anchor Inc., for the year ended December 31, includes the following information (in millions). ($ millions)
Current tax provision
Federal $15,304
State 1,980
Foreign 4,210
$21,494

Deferred tax provision
Federal $10,086
State (276)
Foreign 66 $9,876
Provision for income taxes $31,370

Required:
How much of the income tax expense is payable during the year?

Answers: 1

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The income tax footnote to the financial statements of Anchor Inc., for the year ended December 31,...

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