P8-1 page 343
The average numbers are provided already so you DO NOT average the two years of data together.
P8-7 page 346
P8-7 helpful information
The average numbers are provided already so you DO NOT average the two years of data together.
For number 5:
Estimated tax rate:
|
2011 |
2010 |
2009 |
||||||
|
(1) Provision for income taxes |
$ |
116,473 |
$ |
113,616 |
$ |
105,560 |
||
|
(2) Earnings before income taxes |
$ |
287,588 |
$ |
277,113 |
$ |
249,550 |
||
|
Tax rate [(1) + (2)] |
40.50% |
41.00% |
42.30% |
|||||
|
1 – tax rate |
59.50% |
59.00% |
57.70% |
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