Multiple Choice
George can invest $10,000 in a tax-exempt bond paying 6 percent interest or a $10,000 corporate bond paying 8 percent interest.What is the lowest marginal tax rate at which George will be better off investing in the tax-exempt bond?
A) 12%
B) 22%
C) 32%
D) 35%
Correct Answer:
Verified
Correct Answer:
Verified
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