In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of 15%. The 2016 income statement reported income tax expense of $2,953 million.
What did Microsoft report as income before income tax expense that year?

Question

In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of 15%. The 2016 income statement reported income tax expense of $2,953 million. 
What did Microsoft report as income before income tax expense that year?

Quizplus · Accepted Answer

The Answer of In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of 15%. The 2016 income statement reported income tax expense of $2,953 million. 
What did Microsoft report as income before income tax expense that year?

In Fiscal 2016, Microsoft Corp