danuelZch1dea1j danuelZch1dea1j

23-01-2017
Business

Answered

Nicholas earned 10.5% in his savings account. if he is in the 31% tax bracket, what is his after-tax savings rate of return?

Verified Answer :

andriansp andriansp

02-02-2017

the after-tax saving rates =

10.5 - [ (31% x 10.5 )]

= 10.5 - 3.225

= 7. 275 %

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