If Thomas Has a 40% Tax Rate and a 6

question 22

Multiple Choice

If Thomas has a 40% tax rate and a 6% after-tax rate of return,$50,000 of income in five years will cost him how much tax in today's dollars? Use Exhibit 3.1.(Round present and future value amounts to 3 places)

• A)$50,000.
• B)$20,000.
• C)$37,350.
• D)$14,940.
• E)None of the choices are correct.

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Definitions:

Glial Cells

Supportive cells in the nervous system that provide support and nutrition, maintain homeostasis, form myelin, and participate in signal transmission in the nervous system.

Somatic Nervous System

The part of the peripheral nervous system responsible for carrying sensory and motor information to and from the central nervous system.

Visual Cortex

The part of the brain responsible for processing visual information received from the eyes.

Thalamus

A brain structure that acts as a relay station for sensory and motor signals to the cerebral cortex, with the exception of olfactory signals.