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Use the Following Information for Jett Co -Jett Co'S Average Tax Rates for 2015 and 2014 Are:
A)15

Question 33

Multiple Choice

Use the following information for Jett Co.to answer questions . 20152014 Sales 1,2001,000 COGS 850700 Operating expenses 200200 Income taxes 3035\begin{array}{lrr}&2015&2014\\\text { Sales } & 1,200 & 1,000 \\\text { COGS } & 850 & 700 \\\text { Operating expenses } & 200 & 200 \\\text { Income taxes } & 30 & 35\end{array}
-Jett Co.'s average tax rates for 2015 and 2014 are:


A) 15.5% and 10.0%
B) 20.0% and 35.0%
C) 25.8% and 35.4%.
D) 31.4% and 36.8%.

Correct Answer:

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