vitu pullit If you earned a 2.2% return on your savings with a 15% tax rate,...

Question

Question

business finance

Answer 1

Answer #1

The after tax rate of return is computed as shown below:

= 2.2% x (1 - tax rate)

= 2.2% x ( 1 - 0.15)

= 1.87%

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Answer 2

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