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He has invested 20000 in corporate bonds which is currently

Bill is a restaurant manager that falls into the 25% marginal bracket and pays an additional 5% for state taxes. He has invested 20,000 in corporate bonds which is currently earning a annual return of 7.5%. What is the after tax return on bill's corporate bonds for the year?

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Accounting Basics: He has invested 20000 in corporate bonds which is currently

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