The marginal income tax rate is 46.8% and before tax rate of return is 15.5% then the after tax rate of return is _____________?
A0.1025
B0.0725
C0.08246
D0.0925
Correct answer
C. 0.08246
Explanation
0.08246 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.