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Basic Question 3 of 6
The effective tax rate is generally ________ the statutory tax rate.
B. Lower than
C. The same as
A. Higher than
B. Lower than
C. The same as
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
calculate, interpret, and contrast an issuer's effective tax rate, statutory tax rate, and cash tax rate
CFA® 2025 Level I Curriculum, Volume 3, Module 9.