f the federal income tax rate is 35% and the state tax rate is 5% (and state

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f 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

(a) 35%

(b) 37.5%

(d) 40%

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Engineering Economy

ISBN: 978-0133439274

16th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Question Posted: Dec 06, 2018 09:37 AM

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