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add systems corp reported net earnings of 590,000 and total expenses and depreciation of 225,000. if state taxes (local taxes) without 6% per year, determine
add systems corp reported net earnings of 590,000 and total expenses and depreciation of 225,000. if state taxes (local taxes) without 6% per year, determine the average federal tax percentage and the effective tax rate.
effective tax rate = local tax + (federal tax) (1-local tax), or
Effective tax rate = federal tax + (1- federal tax) (local tax)
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