When Computing Profit on an After-Tax Basis,it Is Necessary to Divide

question 66

True/False

When computing profit on an after-tax basis,it is necessary to divide the pretax profit by (1 - effective tax rate).

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Definitions:

Entrepreneurship

The act of creating, organizing, and running a new business venture to take advantage of market opportunities, often involving risk and innovation.

College Graduate

An individual who has completed a course of study at a college or university, earning a degree.

Macroeconomics

The branch of economics that studies how the overall economy—the market systems that operate on a large scale—behaves and functions.

Nationwide Market

A market that spans an entire country, allowing for the distribution and sale of goods and services across all regions.