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Mademuasel [1]
1 year 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?
Mathematics
1 answer:
nadezda [96]1 year 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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<u>Pre-Algebra</u>

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