In the cfai reading 41 in the 2011 curriculum, question 3, why are taxes 238,000? Also, why divide it by 1.10?作者: RepoToronto 时间: 2013-4-8 21:36
We arrive at real taxes from Nominal taxes through the following:
Real tax = Nominal tax / Inflation Index
Nominal tax = .35 * 680000 = 238000 & inflation rate for 2009 is given 10%
hence, real tax =238000/1.1=2163633.63
Hope this helps!作者: giorgio10 时间: 2013-4-8 21:36
Can you please provide your calculation to 680,000作者: AndyNZ 时间: 2013-4-8 21:37
