6. In fiscal year 2018 Christie Plc. reported income before taxes of $1,000. Assume that: (i)...

 

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6. In fiscal year 2018 Christie Plc. reported income before taxes of $1,000. Assume that: (i) the statutory tax rate is 40% (ii) during fiscal year 2018 Christie paid $50 for a speeding ticket and recorded this amount as an expense in the income statement (iii) during fiscal year 2018 Christie wrote off accounts receivable in the amount of $20 and recorded bad debt expense of $100 What was Christie's effective tax rate for fiscal year 2018? a. 40.0% b. 38.0% 42.0% C. d. 45.2% e. 38.8% 6. In fiscal year 2018 Christie Plc. reported income before taxes of $1,000. Assume that: (i) the statutory tax rate is 40% (ii) during fiscal year 2018 Christie paid $50 for a speeding ticket and recorded this amount as an expense in the income statement (iii) during fiscal year 2018 Christie wrote off accounts receivable in the amount of $20 and recorded bad debt expense of $100 What was Christie's effective tax rate for fiscal year 2018? a. 40.0% b. 38.0% 42.0% C. d. 45.2% e. 38.8% 6. In fiscal year 2018 Christie Plc. reported income before taxes of $1,000. Assume that: (i) the statutory tax rate is 40% (ii) during fiscal year 2018 Christie paid $50 for a speeding ticket and recorded this amount as an expense in the income statement (iii) during fiscal year 2018 Christie wrote off accounts receivable in the amount of $20 and recorded bad debt expense of $100 What was Christie's effective tax rate for fiscal year 2018? a. 40.0% b. 38.0% 42.0% C. d. 45.2% e. 38.8% 6. In fiscal year 2018 Christie Plc. reported income before taxes of $1,000. Assume that: (i) the statutory tax rate is 40% (ii) during fiscal year 2018 Christie paid $50 for a speeding ticket and recorded this amount as an expense in the income statement (iii) during fiscal year 2018 Christie wrote off accounts receivable in the amount of $20 and recorded bad debt expense of $100 What was Christie's effective tax rate for fiscal year 2018? a. 40.0% b. 38.0% 42.0% C. d. 45.2% e. 38.8%

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