An Individual Actually Earned a 4 Percent Nominal Return Last

question 52

Multiple Choice

An individual actually earned a 4 percent nominal return last year. Prices went up by 3 percent over the year. Given that the investment income was subject to a federal tax rate of 28 percent and a state and local tax rate of 6 percent,what was the investor's actual real after-tax rate of return?

• A)-0.36 percent
• B)0.66 percent
• C)2.64 percent
• D)0.72 percent
• E)1.45 percent

Recognize the importance of non-verbal cues in intercultural communication.

Develop an awareness of how social values and customs shape communication practices.

Understand the nature and implications of contracts in health care.

Recognize the advantages and responsibilities associated with the use of computer databases for medical records.

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Definitions:

4,4-dimethylpentan-2-ol

An organic compound, a type of alcohol with the molecular formula C7H16O, characterized by two methyl groups and a hydroxyl group attached to a pentane chain.

Reagents

Reagents are substances or compounds added to a system to cause a chemical reaction or test if a reaction occurs.

Conversion

The process of changing a reactant to a product through a chemical reaction, often quantified in terms of yield or efficiency.

Reagents

Substances or compounds that are added to a system to bring about a chemical reaction or are used to test for the presence of specific substances.