Because the pretax interest rate exceeds the discount rate, the capital tax must be positive.
A unique feature of the 401(k) is that employees can make pretax contributions and employee participation is often voluntary.
The families of the adolescents represented a broad range of socioeconomic levels normally distributed around a 1990 pretax family income of "between $45,000 and $49,999" (range: <$5,000 to >$75,000).
This means that the pretax interest rate exceeds the discount rate.
Total 1990 pretax family income was assessed on a forcedchoice scale ranging from 1 = less than $5,000 to 16 = more than $75,000 with each scale value representing a $10,000 incremental range.
I refer to the pretax and pre-interest profit target.
Profits turned round from a f2i million loss in 1970 to a modest pretax profit of £300,000 in 1971 and £7 million in 1974.
The gross pretax company profits in the same period rose by only£81 million.
