Use the Following to Answer Question

question 11

Essay

Use the following to answer question
In its 2016 annual report to shareholders,Black Inc.disclosed the following information about income taxes.
A reconciliation of income taxes computed at the United States federal statutory income tax rate (35%)to the provision (benefit)for income taxes reflected in the Consolidated Statement of Operations for the years ended December 31,2016,2015,2014,is as follows ($ in millions): The significant components of the net deferred tax assets at December 31,2016 and 2015,were as follows ($ in millions):
-Estimate the effective tax rate for Black Inc.in 2016.Why is it different from the 35% federal statutory rate?

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Definitions:

Fourth Ventricle

A chamber of the brain located within the brainstem, responsible for circulating cerebrospinal fluid between the brain's interior and spinal canal.

Choroid Plexus

Specialized plexus located within the ventricles of the brain that secretes cerebrospinal fluid.

Arachnoid Granulation

Protrusions of the arachnoid meningeal layer into the dural venous sinuses, allowing cerebrospinal fluid to return to the bloodstream.

Cerebrospinal Fluid

A clear, colorless body fluid found in the brain and spinal cord, acting as a cushion for the brain's cortex, providing basic mechanical and immunological protection to the brain inside the skull.