The marginal income tax rate is 28% and before tax rate of return is 14.5% then the after tax rate of return is __________?
A0.0844
B0.0944
C0.1044
D0.0744
Correct answer
C. 0.1044
Explanation
0.1044 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.