What is poes after-tax cost of providing the auto allowance, Accounting Basics

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What is poes after-tax cost of providing the auto allowance

Nicole's employer, Poe Corporation, provides her with an automobile allowance of $27,000 every other year. Her marginal tax rate is 30 percent. Poe Corporation has a marginal tax rate of 35 percent. Answer the following questions relating to this fringe benefit.

A. What is Nicole's after-tax benefit if she receives the allowance this year (ignore FICA taxes)?
After-tax benefit $

B. What is Poe's after-tax cost of providing the auto allowance?
After-tax cost $

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Accounting Basics: What is poes after-tax cost of providing the auto allowance

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Accounting Basics: What is poes after-tax cost of providing the auto allowance

Reference No:- TGS0706278

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Standard variable manufacturing costs

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is poes after-tax cost of providing the auto allowance

Reference No:- TGS0706278

Recent Questions Asked Accounting Basics

Q : Standard variable manufacturing costs

Q : What is kases realized gain or loss and recognized gain

Q : How much cash will she have after taxes to purchase new car

Q : Calculate the present value index for each alternative

Q : What is poes after-tax cost of providing the auto allowance

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Q : What is the balance in paid-in capital

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