Nicholas Earned 8% in His Savings Account

question 52

Multiple Choice

Nicholas earned 8% 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) 5.76%
• D) 7.2%
• E) 28%

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Definitions:

Type A Personality

A temperament characterized by intensity, a high work ethic, competitiveness, and a sense of urgency, often associated with stress and frustration.

Organizational Initiatives

Planned efforts or actions taken by an organization to achieve specific goals or improvements.

Work Stressors

Factors or conditions in the workplace that can cause stress, including workload, lack of control, and conflict with colleagues.

Hostility

Expressions of anger, aggression, or opposition towards others, can manifest in attitudes, behavior, or communication.