The statutory tax rate differs from a firm's average tax rate due to which of the following reasons
a. the statutory tax rate is a marginal tax rate.
b. some expenses are included in book income but do not enter into taxable income.
c. the average tax rate is for a period of three years.
d. the statutory tax rate does not effect GAAP measures of revenues and expenses.
B
Business
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Marketing plans are constructed at:
A) corporate and group planning. B) SBU planning. C) annual marketing planning. D) monthly planning.
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