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32. (LO9) A taxpayer who is in the 32% federal tax bracket and the 9.3% California tax bracket wants to determine the taxable rate of

32. (LO9) A taxpayer who is in the 32% federal tax bracket and the 9.3% California tax bracket wants to determine the taxable rate of interest she/he should seek to compare to a 5.5% tax free rate. What is that rate? Your answer should be formatted: x.xx%

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