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    Practical Financial Management Study Set 1
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    Exam 2: Financial Background: a Review of Accounting Financial Statements and Taxes
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    If the State Tax Rate Is 20% and the Federal
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If the State Tax Rate Is 20% and the Federal

Question 116

Question 116

Multiple Choice

If the state tax rate is 20% and the federal tax rate is 30%, what is the total effective tax rate?


A) ​34%
B) ​50%
C) ​44%
D) ​37%

Correct Answer:

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