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Basic Question 0 of 6
The effective tax rate is generally ________ the statutory tax rate.
B. Lower than
C. The same as
A. Higher than
B. Lower than
C. The same as
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.

Edward Liu
Learning Outcome Statements
calculate, interpret, and contrast an issuer's effective tax rate, statutory tax rate, and cash tax rate
CFA® 2025 Level I Curriculum, Volume 3, Module 9.