Cullumber Company reports pretax financial income of $66,000 for 2020 . The following items cause taxable income to be different than pretax financial income. 1. Depreciation on the tax return is greater than depreciation on the income statement by $17,400. 2. Rent collected on the tax return is greater than rent recognized on the income statement by $23,300. 3. Fines for pollution appear as an expense of $12,000 on the income statement. Cullumber's tax rate is 30% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2020 . Compute the effective income tax rate for 2020. (Round answer to 1 decimal places, e.g. 25.5\%.) Effective income tax rate %