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McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068 Exercise 5
Which formula represents the calculation of a company's effective tax rate?
a.Income taxes paid / Taxable income
b.Income taxes paid / Pre-tax income from continuing operations
c.Income tax provision / Taxable income
d.Income tax provision / Pre-tax income from continuing operations
a.Income taxes paid / Taxable income
b.Income taxes paid / Pre-tax income from continuing operations
c.Income tax provision / Taxable income
d.Income tax provision / Pre-tax income from continuing operations
Explanation
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The formula for Effe...
McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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