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Walter White invested $100,000, paying 9% annual interest. His marginal tax rate is 35%. Which of the following statements is FALSE? Group of answer
Walter White invested $100,000, paying 9% annual interest. His marginal tax rate is 35%. Which of the following statements is FALSE?\ \ Group of answer choices\ \ None of these choices are false.\ \ If the interest is taxable, Walter's annual after-tax cash flow is $5,850.\ \ If the interest is tax-exempt, Walter's annual after-tax cash flow is $9,000.\ \ If the interest is tax exempt, Walter's annual before-tax cash flow from this investment equals his annual after-tax cash flow from this investement.
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