United States country of taxation - Tax Rate is 21%

Randolph Company reported pretax net income from continuing operations of $1,058,000 and taxable income of $715,000. The book-tax difference of $343,000 was due to a $298,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $159,000 due to an increase in the reserve for bad debts, and a $204,000 favorable permanent difference from the receipt of life insurance proceeds. . Compute Randolph Company's effective tax rate. (Round your answer to 2 decimal places.) Effective tax rate