The Answer for this question is $970
The effective tax rate<u> is lower than</u> the statutory rate when Clerc corp has a permanent difference of $100,000 for interest on municipal bonds.
A person or business's effective tax rate is the proportion of their income that goes toward paying taxes. Individuals' effective tax rate is the sum of the rates at which they are taxed on both their earned and unearned income. Comparatively, the statutory tax rate is the legally mandated percentage, while the effective tax rate is the average rate at which a company's pre-tax profits are taxed. The term "effective tax rate" refers to the amount of an individual's taxable income that is actually subject to taxation. The effective corporate tax rate is the rate at which a company actually pays taxes on its pre-tax profits. It is possible to calculate an effective tax rate that reflects an individual's or a business's overall tax liability even if the term "effective tax rate" is most commonly used to refer only to federal income tax.
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Answer:
E) self-serving bias
Explanation:
Self-serving bias is a type of cognitive bias in which an individual tends to attribute positive and favorable outcomes as consequences of their own action or quality, while they tend to absolve themselves if the case of any negative outcome or events that are not favorable, hence, they attribute such to the action of others or external forces. People who exhibit this cognitive bias, usually do so to boost their confidence or enhance their self-esteem.
Answer:
Upper level manager.
Explanation:
I believe you are missing one of the options, which is the correct one in fact. The most important decisions within a company, such as the aforementioned devising strategies to deal with potential problems, and making sure the company is on a right path, are made by the upper level management. Based on the performance of these managers, the company will either be successful or not, in which case the work of said managers will be inspected.