Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 11, 2024

Suppose Gary gets 12% return on his investment before tax. If his marginal tax rate is 14% then, what is he actually making after tax

Suppose Gary gets 12% return on his investment before tax. If his marginal tax rate is 14% then, what is he actually making after tax (what is the after tax return)? (Round your answer to two decimal points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 1

Authors: Alan Sangster, Frank Wood

13th Edition

9781292084664

Students also viewed these Accounting questions

Question

Using the table from Exercise 7, a) What is the probability that a randomly selected U.S. adult who is a Republican believes that global warming is a serious issue? b) What is the probability that a...

Answered: 1 week ago

Question

★★★★★

In August 2017, voters of Balcones, a medium-sized city, approved a $15 million general obligation bond issue to finance the construction of recreational facilities. In order to begin construction...

Answered: 1 week ago

Question

★★★★★

Zero trust is a security stance for networking based on not trusting any users, devices, or applications by default, even those that are already on the network. The zero trust model uses identity and...

Answered: 1 week ago

Question

★★★★★

The following information relates to a management consultancy organisation: $ Salary cost per hour for senior consultants 40 Salary cost per hour for junior consultants 25 Overhead absorption rate...

Answered: 1 week ago

Question

★★★★★

2. (10 points) The curve is the intersection of the plane x = -1 and the cone z = x + y. Find the curvature of y at the point (-1,2,5). 22

Answered: 1 week ago

Question

★★★★★

[6] Question 4: [20 Marks] The signal x(t) has the Laplace transform X(s) = 14 s(s+4) 2 [6] (a) Find the LT of y(t) = x(21-3) [8] (b) Find the LT of y(1) = tex(1) (c) Find the LT of y(t) = 1...

Answered: 1 week ago

Question

★★★★★

1.Goodyear implemented the DRII/NFPA 1600 approach. What strategies can be utilized to make sure recovery starts quickly, perhaps even while the incident is ongoing? 2.Please explain how the five...

Answered: 1 week ago

Question

★★★★★

8. A tire manufacturer has been concerned about the number of defective tires found recently. To evaluate the true magnitude of the problem, a production manager selected 10 random samples of 20...

Answered: 1 week ago

Question

★★★★★

Target Market(s) and Positioning OF OZTENT ( an Australian company) An analysis of the Oztent target market in particular shows differentiation from 20-29 years (18%), 30-54 years (47%), 55+ years...

Answered: 1 week ago

Previous Question Next Question