Multiple Choice
If Thomas has a 40% tax rate and a 6% after-tax rate of return, $50,000 of income in five years will cost him how much tax in today's dollars (rounded) ?
A) $50,000
B) $20,000
C) $37,350
D) $14,940
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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