Ka Co. has pre-tax accounting income of $300,000, including $12,000 paid for nondeductible officers' life insurance...

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Ka Co. has pre-tax accounting income of $300,000, including $12,000 paid for nondeductible officers' life insurance premiums where the company is the beneficiary. The effective tax rate for the current year is 25%. What is Ka's enacted tax rate for the current year? Ka Co. has pre-tax accounting income of $300,000, including $12,000 paid for nondeductible officers' life insurance premiums where the company is the beneficiary. The effective tax rate for the current year is 25%. What is Ka's enacted tax rate for the current year?

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