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9 months ago

15

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:

nadezda [96]9 months ago

6 0

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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