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valentinak56 [21]
3 years ago
13

Your bank has two checking account options, one pays tax-free interest at a rate of 3% per annum and the other pays taxable inte

rest at a rate of 4.5% per annum. You are currently in a 24% marginal tax bracket. If you converted the tax-free interest rate to the comparable taxable interest rate you would find that:
Mathematics
1 answer:
avanturin [10]3 years ago
4 0

Answer:

The comparable tax rate is 3.95%, thus you should choose the 4.5% taxable account option.

Step-by-step explanation:

In order to convert the tax-free interest rate of 3% per year to the comparable taxable interest rate, one should consider that 3% is the interest rate after the marginal tax discount. If you are at the 24% marginal tax bracket, the comparable rate is:

r*(1-0.24)=0.03\\r=\frac{0.03}{0.76}\\r=0.0395\\r=3.95\%

The comparable tax rate is 3.95%, thus you should choose the 4.5% taxable account option.

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How many inches are in 14 feet, 8 inches? Enter only the number. Do not include units
blagie [28]

Answer:

176

Step-by-step explanation:

14x12 = 168 + 8 = 176

8 0
3 years ago
I EILL MAKE BRAINLEST NEED HELP ASAP MT TEACHER IS ABOUT TO YELL WT ME PLEASE PLEASE PLEASE PLEASE PLEASE
Korvikt [17]
Ok, what class is this
8 0
2 years ago
8. 36.8 = [11.5 – (2.5 X 3)]2
Anestetic [448]

Answer:

[11.5-(2.5*3)]^2=16

Step-by-step explanation:

We want to evaluate [11.5-(2.5*3)]^2

Let us evaluate within the parenthesis first:

[11.5-(2.5*3)]^2=[11.5-(7.5)]^2

\implies [11.5-(2.5*3)]^2=[11.5-7.5]^2

We again subtract within the bracket to obtain:

[11.5-(2.5*3)]^2=[4]^2

This finally gives us:

[11.5-(2.5*3)]^2=16

6 0
2 years ago
I'm making a table.
Ivenika [448]
Well I think I can help you out ...
if you assume input x=2
the output will be as following :
y= -1/3(2)+2
=-2/3+2
=-2/3+6/3
=(-2+6)/3
=4/3
=1.333
3 0
3 years ago
Which is not a likely area of application of statistics in business?
Roman55 [17]

Answer:

D.

Step-by-step explanation:

Statistics has a lot of usage in business.

Using statistics as well as statistical tools helps in the provision of data to be used for business analysis. With available data we can get patterns in a a large database. Statistics can be used for auditing, as in question option b. For option c, statistics can be used for making business forecasts after the careful observation of trends and patterns that are in the data.

Option d does not make use of statistics. It has nothing to do with statistics neither does it have a computational feature.

Therefore, d.) questioning the executive's strategic decision is the answer to this question

4 0
2 years ago
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