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Compute the after-tax cost

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Question : Assuming a 2l percent marginal tax rate, compute the after-tax cost of the following business expenses:

Point a. $5,600 premium on business property and casualty insurance.

Point b. $1,200 fine paid for business entertainment.

Point c. $3,700 premium on key-person life insurance.

Point d $50,000 political contribution.

Point e. $7,800 client meals.

Reference no: EM132463972

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