Determining the brian tax
Question: Brian age 13, is a dependent of his parents. During 2011, Brian earned income from wages is $2,600 and Brian received $3,000 of interest income. The parent's marginal rate is 28% and Brian's marginal rate is 10%. Brian's tax is...
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Problem: The interest rate is 6% on an investment of $10,000,000. What is the value after 4 years if it is compounded:
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The parent's marginal rate is 28% and Brian's marginal rate is 10%. Brian's tax is...??
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