What is the combined tax rate if the federal rate is 15% and the state rate is 7%?
22%
21%
23%
15%
Combined tax rate=Federal rate+state rate
Combined tax rate=15%+7%
Combined tax rate=22%
What is the combined tax rate if the federal rate is 15% and the state rate...
If the federal income tax rate is 21% and the state tax rate is 7% (and state taxes are deductible from federal taxes), what is the effective income tax rate? Choose the correct answer below. O A. The effective income tax rate is 21% O B. The effective income tax rate is 26.5%. OC. The effective income tax rate is 24.5%. OD. The effective income tax rate is 28%
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An investor is in a 35% combined federal plus state tax bracket. If corporate bonds offer 9.75% yields, what must municipals offer for the investor to prefer them to corporate bonds? (Round your answer to 2 decimal places.)
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