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1. The current cost of tuition is $20,000 per year.

The cost of tuition is rising at 3.00% per year.

At this rate of inflation, how much will the cost of tuition be in 10 years?

$20,600

$26,878

$27,147

$20,806

$26,341

2. Marginal Tax Rate. What would be the marginal tax rate for a single person who has a taxable income of

(a) $31,560,

(b) $58,150

(c) $66,450, and

(d) $100,580? (Hint: Use Table 4-2.)

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92798267

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