Mock 2009 AM - Question 1

Why they are using the 20% tax rate to calculate the pre tax income? On the question it only says “Briscoe expects a tax rate of 20% to apply to the Tracy’s withdrawals from the investment account”.

Am i missing something else? tks!

What tax rate would you expect them to use, if not 20%?

Exactly, it doesn’t specify… should i just “assume” to use this rate because is the only one? (not a fan of ambiguity) :frowning: