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Author Question: A taxpayer in the 25% marginal tax bracket invests $1,000 of after-tax dollars at 10% interest ... (Read 108 times)

james

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Question 1

A single taxpayer earns a salary of $6,000. If he is taxed with a 10% flat rate, he has $5,400 of after-tax dollars available to invest.
◦ true
◦ false

Question 2

A taxpayer in the 25% marginal tax bracket invests $1,000 of after-tax dollars at 10% interest before taxes. At the end of year one, the taxpayer will have accumulated after-tax dollars of $1,075.
◦ true
◦ false


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Marked as best answer by james on Sep 13, 2020

shaquita

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james

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


adammoses97

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Reply 3 on: Yesterday
Wow, this really help

 

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