You are a taxpayer in the 24 percent tax bracket and you own a tax-exempt bond that pays 6 percent. What is your taxable equivalent yield?
a. 14.40 percent
b. 6.00 percent
c. 5.00 percent
d. 7.89 percent
e. 7.20 percent

Question

03-07-2024
Business

Answered

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You are a taxpayer in the 24 percent tax bracket and you own a tax-exempt bond that pays 6 percent. What is your taxable equivalent yield?
a. 14.40 percent
b. 6.00 percent
c. 5.00 percent
d. 7.89 percent
e. 7.20 percent

Sagot :

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You are a taxpayer in the 24 percent tax bracket and you own a tax-exempt bond that pays 6 percent. What is your taxable equivalent yield? a. 14.40 percent b. 6.00 percent c. 5.00 percent d. 7.89 percent e. 7.20 percent

Sagot :

Other Questions

You are a taxpayer in the 24 percent tax bracket and you own a tax-exempt bond that pays 6 percent. What is your taxable equivalent yield?
a. 14.40 percent
b. 6.00 percent
c. 5.00 percent
d. 7.89 percent
e. 7.20 percent