Question: What was Facebooks accounting effective tax rate for 2020? What items caused the companys accounting effective tax rate to differ from the hypothetical tax rate

What was Facebook’s accounting effective tax rate for 2020? What items caused the company’s accounting effective tax rate to differ from the “hypothetical” tax rate of 21 percent? What was the company’s cash effective tax rate for 2020? What factors cause a company’s cash tax rate to differ from its accounting effective tax rate? You can access Facebook’s Form 10-K for 2020 at the company’s website or the SEC EDGAR website.

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a It was called the accounting effective tax rate It was computed as follows i Add the income tax ex... View full answer

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