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Free company has net income, before taxes of $ 2 0 0 , 0 0 0 , including $ 2 0 , 0 0 0
Free company has net income, before taxes of $ including $ interest revenue from municipal bonds and $ paid for officers' life insurance premiums where the company is the beneficiary. There are no other differences between financial income before taxes and taxable income. The tax rate of the current year is What is Free's effective tax rate? Hint: Effective tax rate income tax expensepretax net income. Question Answer a b c the correct answer is not an option. d
Free company has net income, before taxes of $ including $ interest revenue from municipal bonds and $ paid for officers' life insurance premiums where the company is the beneficiary. There are no other differences between financial income before taxes and taxable income. The tax rate of the current year is What is Free's effective tax rate? Hint: Effective tax rate income tax expensepretax net income.
Question Answer
a
b
c
the correct answer is not an option.
d
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