A firm reports $10,000 in revenue for tax and financial purposes. The firm reports GAAP expenses of $6,000, of which $1,000 relates to a criminal fine which is not deductible for tax purposes. There are no other differences between tax and financial reporting. What is the effective tax rate that the firm reports for the year? Assume a corporate tax rate of 25%. O 25% O 31.25% O 20% O 18.75% O-15%