Question: Access the 2 0 2 1 Form 1 0 - K of 2 0 2 1 Meta Platforms, Incorporated ( Facebook ) , and answer
Access the Form K of Meta Platforms, Incorporated Facebook and answer the following questions.
Required:
a Using information from the company's Income Statement and Income Taxes footnote, what was the company's effective tax rate for
b Using information from the Statement of Cash Flows, calculate the company's cash tax rate.
Note: For all requirements, round your final answers to decimal place.
c What does the company's Income Taxes note tell you about where the company earns its international income?
d What item creates the company's largest deferred tax asset?
e What item creates the company's largest deferred tax liability?
f How does the company treat interest and penalties related to its unrecognized tax benefits?
Required A
Required B
Using information from the company's Income Statement and Income Taxes footnote, what was the company's effective tax rate for
Effective tax rate
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