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Use the data in the table, to calculate the tax disadvantage of retained cash in 1980 and 2002 a. The tax disadvantage of retained cash

Use the data in the table, to calculate the tax disadvantage of retained cash in 1980 and 2002

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

b. The tax disadvantage of retained cash in 1980 is _____%. (Round to two decimal places.)

Year Corporate Tax Rate Interest Income Average Rate on Equity Income Dividends Capital Gains

1971-1978 48% 70% 53% 70% 35%

1979-1981 46% 70% 49% 70% 28%

1982-1986 46% 50% 35% 50% 20%

1987 40% 39% 33% 39% 28%

1988-1990 34% 28% 28% 28% 28%

1991-1992 34% 31% 30% 31% 28%

1993-1996 35% 40% 34% 40% 28%

1997-2000 35% 40% 30% 40% 20%

2001-2002 35% 39% 30% 39% 20%

2003-2012 35% 35% 15% 15% 15%

i calculated it at 25.71% for 2002, and at 23.76% for 1980. But i do not believe these are correct answers...

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