Compute the after-tax cost of each payment

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Reference no: EM1375985

Suppose Sarah is a cash-method, calendar-year taxpayer, and she is considering making the subsequent cash payments related to her business.

Compute the after-tax cost of each payment assuming she has a 25 % marginal tax rate.

$800 to reimburse cost of meals incurred by employees while traveling for business.

$1,200 for football tickets to entertain out-of-town clients through contract negotiations

Reference no: EM1375985

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