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What is fern effective tax rate

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Reference no: EM132794603

Problem 1: Fern Co. has net income, before taxes, of $200,000, including $20,000 interest revenue from municipal bonds and $10,000 paid for officers' life insurance premiums where the company is the beneficiary. The tax rate for the current year is 30%. What is Fern's effective tax rate?

A. 27.0%

B. 28.5%

C. 30.0%

D. 31.5%

Reference no: EM132794603

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