Kate can invest $4,000 of after-tax dollars (AT$) directly in a taxable bond outside an IRA, or she can contribute the $4,000 to a nondeductible IRA and invest in the same bond through the IRA vehicle. In either case, the bond yields an annual 3% before-tax rate of return (BTROR). Kate's marginal tax rate is 15%, and she expects it to remain so for the entire investment horizon of 25 years. What is the after-tax accumulation for the "bond outside the IRA" after 25 years (assume that bond interest is reinvested at the same rate)?
A. $5,585
B. $8,375
C. $7,507
D. None of the above.
Answer: C
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Answer the following statements true (T) or false (F)
1.Many of us prefer connecting online to interacting face-to-face, often because of social anxiety. 2.It is difficult to merge conversational stages and still have a productive conversation. 3.A speaker generally signals a reluctance to take over a conversation by maintaining eye contact. 4.Many of us find conversing or speaking up in the presence of others hard to do especially if we think our social status is in question. 5.The manner maxim asks that we not go off on tangents or purposefully digress and switch subjects while our partner still wants to talk about the same topic.
Fixed overhead does not depend on production volume, therefore activity levels are not used in the calculation of:
a. budget variance. b. efficiency variance. c. usage variance. d. price variance.
Sarah, an independent consultant, purchased a new car at the beginning of the year. During the year she drove a total 20,000 miles, of which 12,000 related to meetings with clients and other business-related driving. Sarah incurs the following expenses related to both business and personal use:Gas and oil$6,000Repairs and maintenance2,500Depreciation3,000Insurance 1,800Total$13,300She also spent $200 on parking and tolls that were related to business. What are the possible amounts of Sarah's deductible transportation expenses?
What will be an ideal response?
Morris and his colleagues (2008) investigated the overlap between work and social ties among Citibank employees in Spain, China, Germany and the United States. Based on the study, which population was significantly less likely to show overlap between work, friends and family?
a. China b. Spain c. United States d. Germany