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Assume That a Person Saves $50,000 and Earns 7 Percent

Question 82

Multiple Choice

Assume that a person saves $50,000 and earns 7 percent annual interest. If the marginal tax rate is 36 percent, then the after-tax interest earning will be:


A) $2000
B) $2240
C) $2760
D) $3500

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