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What is kasar actual tax rate for the current year

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Reference no: EM132749952

Problem 1: Kasar Co. has net income, before taxes, of $335,000, including $35,000 in interest revenue from municipal bonds and $12,000 paid for officers' life insurance premiums where the company is the beneficiary. The effective tax rate for the current year is 29.5%. What is Kasar's actual tax rate for the current year?

A. 29.5%

B. 30.0%

C. 31.0%

D. 31.7%

Reference no: EM132749952

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