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Author Question: Nolan earns a salary of $80,000 and has a flat tax rate of 28%. The amount of after-tax dollars he ... (Read 36 times)

maegan_martin

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Question 1

Miles invests $20,000 in a taxable bond for 5 years that earns 5% interest per year. His marginal tax rate is 15%. What is his after-tax accumulated investment at the end of year 1?
◦ $20,850
◦ $21,000
◦ $21,700
◦ $22,000

Question 2

Nolan earns a salary of $80,000 and has a flat tax rate of 28%. The amount of after-tax dollars he has to invest is
◦ $22,400.
◦ $57,600.
◦ $56,000.
◦ $80,000.


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Marked as best answer by maegan_martin on Sep 13, 2020

vickyvicksss

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maegan_martin

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


kalskdjl1212

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Reply 3 on: Yesterday
Gracias!

 

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