Engineering Economy (16th Edition) - Standalone book
Engineering Economy (16th Edition) - Standalone book
16th Edition
ISBN: 9780133439274
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Chapter 7, Problem 76FE

If the federal income tax rate is 35% and the state tax rate is 5% (and state taxes are deductible from federal taxes), the effective income tax rate is

  1. a. 35%
  2. b. 37.5%
  3. c. 38.3%
  4. d. 40%
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Engineering Economy (16th Edition) - Standalone book

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