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Company Hilltops provides the following information in its income tax footnote: Current tax expense: US...

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Accounting

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Company Hilltops provides the following information in its income tax footnote: Current tax expense: US federal $450 US state $50 Foreign $200 $700 Deferred tax expense US federal $100 US state $20 Foreign $80 $200 If Hilltops reports pre-tax income of $3000 on its income statement, how much is the effective tax rate for the firm? O 30.00% O 23.33% 6.67% O 15.00%

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