What is the average tax rate ZEBRA paid on its earnings for 2016? ZEBRA CORPORAT

Question

What is the average tax rate ZEBRA paid on its earnings for 2016?

ZEBRA CORPORATION Income Statement Gross Sales Returns and allowances Net Profit Cost of goods sold Gross Profit Advertising expense lease payment Depreciation Management salary expense Repairs and maintence costs R&D; expense Operating Income Other Income Earnings Before Interest and Taxes Interest expense Pretax Income Taxes 3,210,000 -48,000 3,162,000 2,433,000 729,000 78,000 -52,000 -78,000 240,000 22,000 -35,000 224,000 224,000 -64,000 160,000 -51,000 109,000 Net Income

Explanation / Answer

The average tax rate ZEBRA paid on its earnings for 2016 = (Taxes for 2016 / Pre Tax Income for 2016)*100 The average tax rate ZEBRA paid on its earnings for 2016 = ($51000 / $160000)*100 The average tax rate ZEBRA paid on its earnings for 2016 = 31.875%

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