EFFECTIVE TAX RATE Definition

Bookmark and Share

EFFECTIVE TAX RATE is the net rate a taxpayer pays on income that includes all forms of taxes. It is calculated by dividing the total tax paid by taxable income.

Learn new Accounting Terms

STATEMENT OF ACCOUNTING POLICIES is normally comprised of: a definition of the reporting organization, statement of general accounting policies, statement of particular accounting policies, and a statement of changes in accounting policies.

BILLINGS IN EXCESS OF COSTS see COST IN EXCESS OF BILLINGS.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.