Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Will is currently in a 22% tax bracket and has a 7.2% savings rate of return. What is his after-tax savings rate of return

Sagot :

abiolataiwo2015

Based on the information given his after-tax savings rate of return is 5.62%.

After-tax saving rate of return

Using this formula
After-tax savings rate=Saving rate of return×(1-Tax rate)

Where:

Saving rate of return=7.2%

Tax rate=22%

Let plug in the formula

After-tax savings rate=0.072×0.78

After-tax savings rate=0.05616×100

After-tax savings rate=5.62% (Approximately)

Inconclusion his after-tax savings rate of return is 5.62%.

Learn more about After-tax savings rate here:https://brainly.com/question/3520758

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.