Please compute the effective tax rate for Green Valley and discuss the differences that taxes make on an income statements' net income. (Show all work).

Sunnyvale Clinic 205 Revenue: $ Patient Service Revenue Less: Bad Debt Net Patient Service Revenue Premium Revenue Other Revenue BestCare HMO 2015 Revenue Premiums Earned $ 26,682.00 Coinsurance $ 1,689.00 Interest and other income $ 242.00 Total Revenues $ 28,613.00 Green Valley Nursing Home 2015 Revenue Patient service revenue $ 3,163,253 Less provision for bad debts $ (110,000) Net patient service revenue $ 3,053,253 $ 150,118.00 (2,000.00) 148,118.00 18,782.00 3,079.00 169,979.00 is $ $ Other Revenue $ 106,146 3,159,399 Net Operating Revenue $ Expenses Net operating revenues $ Salaries & Benefits $ 15,154.00 Medical supplies and drugs $ 7,507.00 Insurance $ $ $ $ Depreciation Interest Total Expenses Expenses Salaries and benefits Supplies Insurance Lease Depreciation Interest Total Expenses Operating Income 3,963.00 367.00 385.00 27,376.00 $ $ Expenses Salaries & Benefits Medical supplies and drugs Insurance and other Depreciation Interest Total Expenses $ $ $ $ $ $ $ $ $ 126,223.00 20,568.00 4,518.00 3,189.00 6,405.00 5,329.00 166,232.00 3,747.00 1,515,438 966,781 296,357 85,000 206,780 3,070,356 $ $ Net Income $ 1,237.00 $ $ Operating Income Provision for income taxes Net Income $ $ 89,048 31,167 57,881 $ Non Operating Income: Contributions Investment Income Total nonoperating Income Net Income $ 243.00 3,870.00 4,113.00 7,860.00 Effective Tax Rate ? $ $