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Maple Company had taxable income of $8,000, taxes payable of $1,600, income before taxes of $10,000, and income tax expense of $2,200. What is
Maple Company had taxable income of $8,000, taxes payable of $1,600, income before taxes of $10,000, and income tax expense of $2,200. What is Maple's effective tax rate? O 20% 22% 16% 27.5%
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