Krystyna, a single individual, invested $20,000 in corporate bonds with a stated interest rate of 5 percent
Question:
Krystyna, a single individual, invested $20,000 in corporate bonds with a stated interest rate of 5 percent and another $20,000 in tax-exempt municipal bonds issued for governmental activities with a stated interest rate of 4.75 percent. Calculate her after-tax cash flow from each investment if:
a. her marginal tax rate is 15 percent.
b. her marginal tax rate is 33 percent.
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Related Book For 
Taxation For Decision Makers 2018
ISBN: 9781119373735
8th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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