if an investor has a $5,000 pretax return, the state tax rate is 4.5%, and the federal tax rate is 22.0%…

if an investor has a $5,000 pretax return, the state tax rate is 4.5%, and the federal tax rate is 22.0%, what is the real investment value?\n$1,325\n$3,675\n$3,900\n$4,775

if an investor has a $5,000 pretax return, the state tax rate is 4.5%, and the federal tax rate is 22.0%, what is the real investment value?\n$1,325\n$3,675\n$3,900\n$4,775

Answer

Answer:

B. $$3,675$

Explanation:

Step1: Calculate total tax rate

$4.5%+22.0% = 26.5%=0.265$

Step2: Calculate amount of tax

$5000\times0.265=$1325$

Step3: Calculate real investment value

$5000 - 1325=$3675$