question 7.8.9

Question 8 (1 point) ABC Corporation is in the 28% income tax bracket. John Adams is an employee at ABC and in the 41% tax bracket. The company has offered John a 7% pay raise. His current salary is $51,000 Calculate the after tax cost of the raise to the corporation. Round answer to nearest whole dollar, do not use commas or dollar signs in your answer. Your Answer: Answer Question 9 (1 point) Andrew has $11,000 to invest. He wants to put his money into an investment earning an annual interest rate of 8 %. Andrew is in a 40% tax bracket Calculate the amount of taxes Andrew will have to pay on his investment. Round answer to nearest whole dollar, do not use commas or dollar signs in your answer. Your Answer: Answer Question 7 (1 point) ABC Corporation is in the 30% income tax bracket. John Adams is an employee at ABC and in the 44% tax bracket. The company has offered John a 7% pay raise. His current salary is $51,000. Calculate the after tax value of the raise for John. Round answer to nearest whole dollar, do not use commas or dollar signs in your answer. Your