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In computing
the tax on the operating income, there are three choices that
you can use - effective tax rate (about 29% for the average US
company in 2003), marginal tax rate (35-40% for most US companies)
and actual taxes paid.
a.
Which one should
you choose?
b.
What happens
if you are a multinational and are in several countries with very
different tax rates?
c.
What happens
if you are reporting an operating loss?
See answer >> |