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Basic Question 8 of 10
Which type of tax rate is this? Reported tax amount on the income statement / pre-tax income.
B. Effective tax rate.
C. Cash tax rate.
A. Statutory tax rate.
B. Effective tax rate.
C. Cash tax rate.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
evaluate whether economies of scale are present in an industry by analyzing operating margins and sales levels;
demonstrate methods to forecast cost of goods sold and operating expenses;
demonstrate methods to forecast nonoperating items, financing costs, and income taxes;
CFA® 2024 Level II Curriculum, Volume 2, Module 17.