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Effective Tax Rate Calculation and Analysis : A company has an income before taxes of $250,000 and an income tax expense of $75,000. Determine the

Effective Tax Rate Calculation and Analysis: A company has an income before taxes of $250,000 and an income tax expense of $75,000. Determine the effective tax rate. Discuss how this rate compares to the statutory tax rate and what factors might cause differences between the effective tax rate and the statutory rate.

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