A firm incurs $70,000 in interest expenses each year. If the tax rate of the firm is 30%, what is the effective after-tax intere
st rate expense for the firm?
1 answer:
Answer:
After tax interest expenses = Interest expenses x (100 - Tax Rate)
= 70000 x (100 - 30)%
= 70000 x 70%
= $49,000.00
Step-by-step explanation:
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