![kristygodwin](/avatars/22597.jpg)
kristygodwin
07.07.2020 •
Mathematics
Your bank has two checking account options, one pays tax-free interest at a rate of 3% per annum and the other pays taxable interest at a rate of 4.5% per annum. You are currently in a 24% marginal tax bracket. If you converted the tax-free interest rate to the comparable taxable interest rate you would find that:
Solved
Show answers
More tips
- S Style and Beauty How to choose the best mascara for your eyelashes...
- F Food and Cooking Discover Delicious Recipes You Can Make with Ground Meat...
- C Computers and Internet Google Search Tips and Tricks: Everything You Need to Know...
- S Science and Technology Why is there no gravity on other planets?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
Answers on questions: Mathematics
- M Mathematics Here is the actual question. Please help !...
- M Mathematics Aye please someone help and if you can put the work clearly plzzz...
- M Mathematics Find the slope of the line....
- M Mathematics PLEASE HELP! List the interior angle measures of Triangle PQR, ordered from greatest to least....
- M Mathematics Cam someone help me with this question....
- M Mathematics Plz help! Urgent! 1) To the nearest tenth, what is the population density of bacteria at the end of the third hour in petri dish A? 2) To the nearest tenth, which petri dish...
- M Mathematics What is the missing length if area of trapezoid is 140.22mi squared with base 12.3 mi?...
- M Mathematics A pair of shoes cost $74.99 and tax is 9%. What is the total cost of the shoes?...
- M Mathematics Plz help 36 coinz for u if u help will give brainliest In △ABC as shown, AC⊥BC, AB=11.4, and BC=7....
- M Mathematics POINTS ALOTTA PTS just help pls and if u can answer more ill give more!...
Ответ:
The comparable tax rate is 3.95%, thus you should choose the 4.5% taxable account option.
Step-by-step explanation:
In order to convert the tax-free interest rate of 3% per year to the comparable taxable interest rate, one should consider that 3% is the interest rate after the marginal tax discount. If you are at the 24% marginal tax bracket, the comparable rate is:
The comparable tax rate is 3.95%, thus you should choose the 4.5% taxable account option.
Ответ:
1500/65 = 23.07, round up the answer
=24