P2-7. Personal After-Tax Return Karen, a resident of Nova Scotia, has $10,000 to invest for one year. She has found two alternatives: a bond that will provide interest income at year-end of $400, and a common stock whose price is $50 and is expected to increase by $2.00. Ignoring risk and other factors, how much money will Karen have after taxes from each investment? Use Tables 2-8 and 2-9, and assume that Karen has taxable income of $65,000. 2014 Federal Personal Tax Rates Tax Rates Tax Brackets 15% On the first $43,953 22 43,95487,907 26 87,908-136,270 29 Over 136,270 Nova Scotia 8.79% 14.95 16.67 17.5 21 On the first 29,590 On the next 29,590 On the next 33,820 On the next 57,000 Over 150,000