MCQs > Finance & Management > Financial Analysis > In the American tax system, what is total Effective Tax Rate (TETR)? (Tf=federal tax, Ts=state tax)

Financial Analysis MCQs

In the American tax system, what is total Effective Tax Rate (TETR)? (Tf=federal tax, Ts=state tax)

Answer

Correct Answer: Tf+Ts(1-Tf)

Explanation:

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