Use the data in the table to calculate the tax disadvantage of retained cash in:

a. 2002.

b. 1978.

a. 2002.

The tax disadvantage of retained cash in 2002 is____%.(Round to two decimal places.)

b. 1978

The tax disadvantage of retained cash in 1978 is_____%.(Round to two decimal places.)

Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year Capital Gains 35% 28% 20% Top Federal Tax Rates in the United States Corporate Interest Average Rate on Dividends Tax Rate Income Equity Income 48% 70% 53% 70% 46% 70% 49% 70% 46% 50% 35% 50% 40% 39% 33% 39% 28% 28% 28% 34% 31% 30% 31% 35% 40% 40% 35% 30% 40% 35% 39% 30% 39% 35% 35% 15% 15% 1971-1978 19791981 19821986 1987 19881990 19911992 19931996 1997-2000 2001-2002 2003-2012 34% 28% 28% 28% 28% 34% 40% 20% 20% 15% Print Done