Nicholas Earned 10% in His Savings Account

question 98

Multiple Choice

Nicholas earned 10% in his savings account.If he is in the 28% tax bracket,what is his after-tax savings rate of return?

• A) 2.5%
• B) 3.6%
• C) 7.2%
• D) 10%
• E) 28%

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Definitions:

Suicidal Thinking

The presence of thoughts about taking one's own life, which can range from vague ideas to detailed planning.

School Problems

Challenges and issues faced within the educational environment, affecting students, teachers, or the system as a whole.

Overt Lying

The intentional act of presenting false information as truth in a transparent or obvious manner.

Sleep Problems

Disorders or disturbances that affect an individual’s ability to sleep well on a regular basis, impacting health and quality of life.