Answered: Maria earned 9.8% in her certificate of…

Maria earned 9.8% in her certificate of deposit (CD). If she is in the 24% tax bracket, what is her after-tax rate of return? a. 2.35% b. 7.45% c. 7.85% d. 9.80% e. 24.00%

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter12: Tax Administration And Tax Planning

Section: Chapter Questions

Problem 22MCQ: Melodie's taxable income is $39,000 and she pays income tax of $4,489. If Melodie's taxable income...

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hello tutor give me correct answer of this General accounting question

Maria earned 9.8% in her certificate of deposit (CD). If
she is in the 24% tax bracket, what is her after-tax rate of
return?
a. 2.35%
b. 7.45%
c. 7.85%
d. 9.80%
e. 24.00%

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