rate positively ..
After tax rate = before tax rate *(1-tax rate) | ||||
Before tax rate = | 7.90% | |||
tax rate = | 20.00% | |||
After tax rate = 7.9%*(1-20%) | 6.32% | |||
ans = | 6.32% |
The interest that Takerra pays on her student loan is tax deductible. If she pays 7.9%...
INICIJI UL CUIU TILT The interest that Takerra pays on her student loan is tax deductible. If she pays 8.0% APR interest on the loan and her marginal tax rate is 9% then, what actually the student loan is costing her (what is the after tax rate)? Answer: Check
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount is $11061 and the bank charges her 3% APR., how much interest will she be paying over a year? Answer: Check
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount is $11061 and the bank charges her 3% APR., how much interest will she be paying over a year? Answer: Check
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount is $9562 and the bank charges her 3% APR., how much interest will she be paying over a year? g 2.0 Answer Check
Meg (single taxpayer) pays $1,900 in student loan interest. Her AGI is $77,000. What is her For AGI student loan deduction? $0 $1,013 $887 $1,900
. A college drop out owes $42,000. Her loan has an interest rate of 6% a year and a ten year maturity. Determine her monthly payment. She currently has a job that pays $10 an hour for 160 hours a month. What percentage of her monthly before tax pay goes to paying off her loan? Use the table below for the following part: What percentage of her after tax income per year goes to paying her total loan payments for...
Sena invests $250,000 in a city of Louisville bond that pays 7 percent interest. Alternatively, she could have invested the $250,000 in a bond recently issued by Microsoft, Inc. that pays 9 percent interest with similar risk as the city of Louisville bond. Assume that Sena's marginal tax rate is 24 percent. What is Sena's after-tax rate of return on the city of Louisville bond? 5.32 percent 9.00 percent 6.84 percent 7.00 percent None of the choices are correct Aimee...
Katerina graduated from Concordia in December 2020 and knows that after finishing school, there is a 6-month non-repayment period on her Canada Student Loan with no interest accruing during that time. As of July 1, 2021, she started working at Telus and started making payments on her Canada Student Loan. Her student loan balance was $12,750 on January 1, 2021. Her total loan payments in 2021 will be $1,975, of which $1,827 will represent the repayment of the principal on...
Lois received a 9-year subsidized student loan of $35,000 at an
annual interest rate of 5.875%. Determine her monthly payment on
the loan after she graduates in 3 years. (Round your answer to the
nearest cent.)
Lois received a 9-year subsidized student loan of $35,000 at an annual interest rate of 5.875%. Determine her monthly payment on the loan after she graduates in 3 years. (Round your answer to the nearest cent.)
The interest paid on which type of loan is not tax deductible? Multiple Choice Home equity loan interest for home improvements Credit card interest Mortgage interest to buy a home Mortgage interest to build a home Investment interest up to the amount of investment income oan Martin expects interest rates to decline over the next few months. To achieve her long-term financial goals, she will trade off liquidity for a higher return by using a: Multiple Choice regular savings account....