Sarah needs $45,000 after tax for her annual retirement income. If her expected average tax rate will be 25% and her marginal tax rate will be 32%, how much does she need before tax? Options: a. $56,250 b. $60,000 c. $66,176 d. $66,500 e. None of the above

Sarah needs $45,000 after tax for her annual retirement income. If her expected average tax rate will be 25% and her marginal tax rate will be 32%, how much does she need before tax? Options: a. $56,250 b. $60,000 c. $66,176 d. $66,500 e. None of the above

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 9FPE

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I need this question answer general Accounting

Sarah needs $45,000 after tax for her annual retirement income. If
her expected average tax rate will be 25% and her marginal tax rate
will be 32%, how much does she need before tax?
Options:
a. $56,250
b. $60,000
c. $66,176
d. $66,500
e. None of the above

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