Multiple Choice
You put money in an account and earn a real interest rate of 8 percent. Inflation is 2 percent, and your marginal tax rate is 30 percent. What is your after-tax real interest rate?
A) 1.4 percent
B) 2.6 percent
C) 5.0 percent
D) 7.6 percent
Correct Answer:
Verified
Correct Answer:
Verified
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