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Basic Question 4 of 6
The effective tax rate takes into account:
B Deductions and exemptions
C. Tax planning strategies and provisions
D. Both B and C
A. Only the statutory tax rate
B Deductions and exemptions
C. Tax planning strategies and provisions
D. Both B and C
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
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.