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Calculate the income tax expense for Company Berkshire Hathaway Inc., which reported taxable income of $20 billion and an effective tax rate of 25%. Explain
Calculate the income tax expense for Company Berkshire Hathaway Inc., which reported taxable income of $20 billion and an effective tax rate of 25%. Explain the calculation of income tax expense and discuss the significance of effective tax rates in financial reporting and tax planning strategies.
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