What is the effective combined income tax rate


If the incremental federal income tax rate is 34?% and the incremental state income tax rate is 4?%, what is the effective combined income tax rate ?(t?)? If state income taxes are 14?% of taxable? income, what now is the value of t?? If state income taxes are 4?% the effective combined income tax rate is ___?%

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Financial Management: What is the effective combined income tax rate
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