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3 years ago

Nicholas earned 11.5% in his savings account. If he is in the 27% tax bracket, what is his after-tax savings rate of return?

Business

1 answer:

padilas [110]3 years ago

6 0

Answer:

Nicholas's after-tax savings rate of return is 8.40%

Explanation:

Saving rate before tax = 11.50%

Tax Bracket applicable = 27%

After tax saving rate of return = ?

Use following formula to calculate After tax saving rate of return

After tax saving rate of return = Saving rate before tax x ( 1 - tax rate )

After tax saving rate of return = 11.50% x ( 1 - 27%)

After tax saving rate of return = 11.5% x ( 1 - 0.27 )

After tax saving rate of return = 11.5% x 0.73

After tax saving rate of return = 8.395% = 8.40% (Rounded off to 2 decimals)

So, Nicholas's after-tax savings rate of return is 8.40%

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Answer:

Explanation:

Rule 70 is used to estimate how long it tales a cashflow amount to double.

The formula is as follows ;

Number of years = 70 / growth rate

At 1.4% growth rate;

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Number of years = 70 / 3.2 = 21.88

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Answer:

D. $3240000.

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3 years ago

Which of the following is LEAST likely to provide a sustainable competitive advantage?Select one:a. creating an efficient supply

yawa3891 [41]

Answer:

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4 years ago

n 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 bil

LuckyWell [14K]

Answer:

current account balance = $271.8 billion

Explanation:

given data

exported goods worth = $312 billion

exported services worth = $198 billion

imported goods worth = $525 billion

imported services worth = $255 billion

sent famine relief to Africa = $1.2 billion

received = $3 billion

to find out

current account balance in Vesey

solution

we know that current account balance as

current account balance = total expenses - total revenue .............1

here

total expenses are = $525 + $255 + $3 = $783 billion

and total revenue = $312 + $198 +$1.2 = $511.2 billion

so from equation 1

current account balance = $783 billion - $511.2 billion

current account balance = $271.8 billion

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