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31 October, 03:46

Nicholas earned 10.5% in his savings account. if he is in the 31% tax bracket, what is his after-tax savings rate of return?

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  1. 31 October, 03:48
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    The after-tax saving rates =

    10.5 - [ (31% x 10.5) ]

    = 10.5 - 3.225

    = 7. 275 %
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