Required: Based upon your output, answer the following questions: A. Is Tru, Incorporated's provision for income...

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Required: Based upon your output, answer the following questions: A. Is Tru, Incorporated's provision for income tax (a) higher, (b) lower, or (c) roughly the same over the period 2018-2021 than in previous years? B. Did Tru, Incorporated's deferred tax liability appear to benefit from the Tax Act? C. What is the effective tax rate for GPS in 2017? D. What is the effective tax rate for GPS in 2018? A. Tru, Incorporated's provision for income tax B. Did Tru, Incorporated's deferred tax liability appear to benefit from the Tax Act? Lower Yes C. Effective tax rate for GPS in 2017 35 % D. Effective tax rate for GPS in 2018 21 % Deferred income taxes Provision for Income Taxes and Deferred Tax Liability Trend 2012-2021 Provision for income taxes 8K 6K 4K 2K GPS 7,985 8,105 7,968 7,944 6,558 6,204 ($ in 000s) Company / Year Tru 7,120 5,871 5,760 4,801 4,480 4,600 OK 10K 9,334 9,508 8,805 8,536 8,421 8,223 8K 7,321 6K 4K 2K 6,231 4,545 4,624 3,716 5,351 5,342 6,838 6,287 8,367 7,748 7,511 7,410 6,443 3,866 3,617 3,733 2,833 5,483 4,308 4,379 3,806 OK 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Effective Tax Rate Effect of the Tax Cuts and Jobs Act of 2017 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.00 GPS SUM(Provision for inco... 2,833 ($ in 000s) Company / Year 3,616.690233333 Tru 3,733 3,866 4,480 4,600 4,801 5,342.222222222 | 5,351.111111111 5,760 5,871 6,204 6,286.666666667 6,558 6,837.777777778 7,120 7,944 7,968 7,985 8,105 Required: Based upon your output, answer the following questions: A. Is Tru, Incorporated's provision for income tax (a) higher, (b) lower, or (c) roughly the same over the period 2018-2021 than in previous years? B. Did Tru, Incorporated's deferred tax liability appear to benefit from the Tax Act? C. What is the effective tax rate for GPS in 2017? D. What is the effective tax rate for GPS in 2018? A. Tru, Incorporated's provision for income tax B. Did Tru, Incorporated's deferred tax liability appear to benefit from the Tax Act? Lower Yes C. Effective tax rate for GPS in 2017 35 % D. Effective tax rate for GPS in 2018 21 % Deferred income taxes Provision for Income Taxes and Deferred Tax Liability Trend 2012-2021 Provision for income taxes 8K 6K 4K 2K GPS 7,985 8,105 7,968 7,944 6,558 6,204 ($ in 000s) Company / Year Tru 7,120 5,871 5,760 4,801 4,480 4,600 OK 10K 9,334 9,508 8,805 8,536 8,421 8,223 8K 7,321 6K 4K 2K 6,231 4,545 4,624 3,716 5,351 5,342 6,838 6,287 8,367 7,748 7,511 7,410 6,443 3,866 3,617 3,733 2,833 5,483 4,308 4,379 3,806 OK 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Effective Tax Rate Effect of the Tax Cuts and Jobs Act of 2017 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.00 GPS SUM(Provision for inco... 2,833 ($ in 000s) Company / Year 3,616.690233333 Tru 3,733 3,866 4,480 4,600 4,801 5,342.222222222 | 5,351.111111111 5,760 5,871 6,204 6,286.666666667 6,558 6,837.777777778 7,120 7,944 7,968 7,985 8,105