Intel’s provision for income taxes

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Refer to the Intel Inc. 2012 financial statements and the accompanying notes to answer the 

following questions. The 2012 financial statements of Intel can be accessed at:
http://www.sec.gov/Archives/edgar/data/50863/000119312513065416/d424446d10k.htm

Module 3
1) What amounts relative to income taxes does Intel report in its: 
a. 2012 income statement? 
b. 29 Dec 2012 balance sheet? 
c. 2012 statement of cash flows? 

2) Intel’s provision for income taxes in 2011 and 2012 was computed at what effective tax rates? 

3) How much of Intel’s 2012 total provision for income taxes was current tax expense, and how much was deferred tax expense? 

4) What did Intel report as the significant components (the details) of its 29 December, 2012 deferred tax assets and liabilities? 

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