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Business, 27.03.2020 00:27 realneggalloyd

Assume Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payments related to her business.
1. Calculate the after-tax cost of each payment assuming she has a 37 percent marginal tax rate. (Do not round intermediate calculation.)
a. $2,700 payment for next year's property taxes on her place of business.
b. $2,200 to reimburse the cost of meals incurred by employees while traveling for the business.
c. $2,600 for football tickets to entertain out-of-town clients during contract negotiations.
d. $1,200 contribution to the mayor's re-election campaign.

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