Determine the single-value effective tax rate for a corporation that has a federal tax rate of 39% and a state tax rate of 10%. The single value effective tax rate, (in %) Round to the nearest one (1) decimal places Add your answer

Determine the single-value effective tax rate for a corporation that has a federal tax rate of 39% and a state tax rate of 10%. The single value effective tax rate, (in %) Round to the nearest one (1) decimal places Add your answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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2. Help me answer the given question. Do not round off answers while solving, instead just the final answer will be rounded off to one decimal places.

Determine the single-value effective tax rate for a corporation that has a federal tax rate of 39% and a state tax rate of 10%.
The single value effective tax rate, (in %)
Round to the nearest one (1) decimal places
Add your answer

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