Entête de question
Please use the selected disclosure data in Exhibit 1 and Exhibit 2 for the Marcy
Corporation.
Note I: Income Taxes
The components of earnings before income taxes are as shown in Exhibit 1:
| Year 3 | Year 2 | Year 1 | |
|---|---|---|---|
| Earnings before income taxes: | |||
| United States | USD117,758 | USD107,053 | USD97,321 |
| Foreign | 57,526 | 52,296 | 47,542 |
| Total | USD175,284 | USD159,349 | USD144,863 |
The components of the provision for income taxes are as shown in Exhibit 2:
| Year 3 | Year 2 | Year 1 | |
|---|---|---|---|
| Income taxes Current: | |||
| Federal | USD34,739 | USD34,257 | USD31,143 |
| Foreign | 14,382 | 13,074 | 17,591 |
| Foreign | USD49,121 | USD47,331 | USD48,734 |
| Deferred: | |||
| Federal | (USD6,524) | (USD6,002) | (USD5,325) |
| Foreign | 389 | 305 | 262 |
| (6,135) | (5,697) | (5,063) | |
| Total | USD42,986 | USD41,634 | USD43,671 |