On November 1, Year 1, Noble Co borrowed $80,000 from South Bank and signed a 12% six month note payable, all due at maturity. T
1 answer:
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Answer:
effective tax rate = 13.54
Explanation:
given data
total income = $83,000
taxable income = $62,000
tax liability = $11,239
to find out
effective tax rate
solution
we get here effective tax rate that is express as
effective tax rate = .................1
put here value and we get
effective tax rate =
effective tax rate = 13.54