What is kraviiz effective income tax rate

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Question - Kravitz Corporation - Kravitz Corporation had income before taxes of $850,000 and a tax rate of 35%. Included in the income are $60,000 in municipal bond interest and $10,000 in fines and penalties. There are no other book-tax differences. Refer to Kravitz Corporation. What is Kraviiz' effective income tax rate?

Reference no: EM133177677

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