What is pfizers current marginal tax rate with calculations

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Answer 1

Answer #1

Workings:
Ledger a/cs created from latest Quarter results of Pfizer group
	Income taxes payable a/c			Current Tax assets a/c
		Debit	Credit		Debit	Credit
Dec . 31,2018	Beg. Balance		1265	Beginning Balance	3374
	Provn.thro.Income statement		433	Income taxes payable	151
	Advance tax paid(Bal. fig.)		151	Advance tax paid(Bal. fig.)	73
Mar.31, 2019	Ending balance	1849		Ending Balance		3598
		1849	1849		3598	3598

PFIZER INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
for the Quarter ended
Mar.31, 2019

Income from continuing operations before provision for taxes on income	4323
Total income tax for the quarter(433+151)=	584
Marginal income tax rate for the latest Qtr.(584/4323)=	13.51%

Answer 2

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