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What is pfizers current marginal tax rate with calculations

What is pfizers current marginal tax rate with calculations

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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%
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