Effective Tax Rate


Definition of "Effective tax rate"

Rocky Lagioia real estate agent
Rocky Lagioia, Real Estate Agent GMC Realty LTD

Equals the tax divided by taxable income. Foe example, if the tax is $30,000 on taxable income of $120,000 the effective tax rate if the business is 25% ($30,000/$120,000)

 

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