question archive Assuming a 21 percent marginal tax rate, compute the after-tax cost of the following business expenses: a
Assuming a 21 percent marginal tax rate, compute the after-tax cost of the following business expenses: a
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Assuming a 21 percent marginal tax rate, compute the after-tax cost of the following business expenses:
a. $5,600 premium on business property and casualty insurance.
b. $1,200 fine paid for business entertainment.
c. $3,700 premium on key-person life insurance.
d. $50,000 political contribution.
e. $7,800 client meals.
a. After-tax cost
b. After-tax cost $1,200
C. After-tax cost $ 3,700
d. After-tax cost $50,000
e. After-tax cost
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