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8) Company X had pretax income of $1,000,000, income tax expense of $200,000 and net income of $800,000. What was the companys effective tax rate?
8) Company X had pretax income of $1,000,000, income tax expense of $200,000 and net income of $800,000. What was the companys effective tax rate?
8a) If the normal tax rate is 35%, what would recurring NICO be?
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