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The following information pertains to a company for 2020: Pretax financial income $9,000 After-tax financial income 7,000 Taxable income 11,000 Income tax expense 2,300 Income

The following information pertains to a company for 2020:

Pretax financial income $9,000

After-tax financial income 7,000

Taxable income 11,000

Income tax expense 2,300

Income tax payable 4,500

In the companys 2020 income statement, what is effective tax rate?

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