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30. ABC has the following information on income tax for 2002: income tax expense, $409; pretax income, $1,231; taxes payable, $257; net income, $876. ABC

30. ABC has the following information on income tax for 2002: income tax expense, $409; pretax income, $1,231; taxes payable, $257; net income, $876. ABC has an effective tax rate of: A. 20.9% B. 33.2% C. 46.7% D. 71.2% E. Some other amount

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