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A BUSINESS HAS PRE-TAX INCOME OF $100,000 AND PAYS $25,000 IN TAXES. WHAT IS THE EFFECTIVE TAX RATE?

A BUSINESS HAS PRE-TAX INCOME OF $100,000 AND PAYS $25,000 IN TAXES. WHAT IS THE EFFECTIVE TAX RATE?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 72P
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Tax rate?

A BUSINESS HAS PRE-TAX INCOME OF $100,000 AND PAYS $25,000 IN TAXES. WHAT IS THE EFFECTIVE TAX RATE?
Transcribed Image Text:A BUSINESS HAS PRE-TAX INCOME OF $100,000 AND PAYS $25,000 IN TAXES. WHAT IS THE EFFECTIVE TAX RATE?
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