I did my best to write but it just doesn’t seem right what I wrote The following are the instructions. Comapny is Amazon. I have attached the paper I wrote and their k10 report.
Income Taxes
A. If Congress voted to eliminate corporate taxes, what would be the effect on your companys income statement and balance sheet? Defend your
response.
B. Calculate the income tax rate for your chosen company. What effect will an increase in income of $2,000,000 have on your company?
C. What are the effects on the balance sheet and income statement? Justify your response.
D. How much did your company pay in foreign taxes last year? What percentage of its income is United States vs. foreig
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