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During the year valdez co paid life insurance premiums of $400,000 on its executives. These life insurance premiums are never

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During the year valdez co paid life insurance premiums of $400,000 on its executives. These life insurance premiums are never tax deductible expenses, but are business expenses when calculating financial income. Assuming a 40% tax rate and pretax financial income of $1,500,000, compute the effective tax rate for the current year.

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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional. Since 2012 I am providing home tutions.
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Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Question Posted: June 06, 2017 02:48:18
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