12. If Tom invests $70,000 in a taxable corporate bond that provides a 5 percent...
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Accounting
12. If Tom invests $70,000 in a taxable corporate bond that provides a 5 percent before-tax return, how much will Tom's investment be worth in either 8 or 20 years from now when the bond matures? Assume Tom's marginal tax rate is 35 percent.
Multiple Choice
$103,422; $185,731.
$105,697; $197,373.
$92,536; $140,675.
$90,410; $132,709.
None of the choices are correct.
13. Lebron received $69,300 of compensation from his employer and he received $575 of interest from a municipal bond. What is the amount of Lebron's gross income from these items?
Multiple Choice
$0.
$69,875.
$575.
$69,300.
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