collinzjordan6436 collinzjordan6436
  • 25-11-2020
  • Business
contestada

If you earned a 2.6% return on your savings with a 25% tax rate, what is your after-tax rate of return?

Respuesta :

Parrain
Parrain Parrain
  • 26-11-2020

Answer: 1.95%

Explanation:

Your after-tax return can be calculated by the formula;

= return * ( 1 - tax rate)

= 2.6% * ( 1 - 25%)

= 1.95%

Answer Link

Otras preguntas

Match the point of view with one of its advantages. Match Term Definition First-person point of view A) It engages the reader with a character from a story narr
The property of metals to be made into wire is called what?
Keenan currently does a total of 8 pushups each day. He plans to increase the number of pushups he does each day by 2 pushups until he is doing a total of 30 pu
Please help me! Which number is a solution of the inequality? y > 1.9 A. -9 B. -2 C. 2 D. 1.9 2. Which number is a solution of the inequality? x + 4 < 7 A
a sound wave has a wavelength of 0.7 miles and a frequency of 500 Hertz what is the speed
Small number written below a symbol in a chemical formula
Write an equation of the line that passes through the given points. (-1,4) and (3,0)
Coach Green wants to divide her volleyball team into smaller, equal-sized groups of players for practice. However, she finds that her team cannot be divided eve
How were Native Americans affected by the American Revolution? They were forced to move west of the Mississippi River. They lost much of their land east of the
Can someone help me with this and not get any wrong please!