Question 8 Bellingham Company provided the following information regarding income taxes this year. Based on this information below, what is Bellingham's effective tax rate? Pre-tax book income Officers' life insurance premiums paid (company is beneficiary) Interest from municipal bonds Tax rate A. 31.5% O 30.0% OC 28.5% 0.27.0% $200.000 10,000 20,000 30%
Question 8 Bellingham Company provided the following information regarding income taxes this year. Based on this information below, what is Bellingham's effective tax rate? Pre-tax book income Officers' life insurance premiums paid (company is beneficiary) Interest from municipal bonds Tax rate A. 31.5% O 30.0% OC 28.5% 0.27.0% $200.000 10,000 20,000 30%
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Question 8
Bellingham Company provided the following information regarding income taxes this year. Based on this information below, what is Bellingham's effective tax rate?
Pre-tax book income
Officers' life insurance premiums paid (company is beneficiary)
Interest from municipal bonds
Tax rate
A.31.5%
On 30.0%
OC 28.5%
OD 27.0%
$200,000
10,000
20,000
30%
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