Please verify that the implicit tax paid is correct

At the beginning of the year, Mr. L put $50,000 cash Into Investment X. At the end of the year, he recelved a check for $2,800, representing his annual return on the Investment. Mr. L's marginal tax rate on ordinary Income Is 37 percent. However, hls return on Investment XIs a capltal gain taxed at 20 percent. At the beginning of the year, Mr. L could have Invested his $50,000 In Business Z with an 8 percent annual return. However, this return would have been ordinary Income rather than capltal gain. a. Considering the fact that Mr. L could have invested In Business Z, how much Implicit tax did he pay with respect to Investment X? b. Did Mr. L make the correct decision by putting his $50,000 into Investment X instead of Business Z? Complete this question by entering your answers in the tabs below Required A Required B Considering the fact that Mr. L could have invested in Business Z, how much implicit tax did he pay with respect to Investment X? mplicit tax paid