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Compute the annual after-tax cost of each option

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Problem - Trent Inc. needs an additional worker on a multiyear project. It could hire an employee for a $76,000 annual salary. Alternatively, it could engage an independent contractor for a $83,000 annual fee. Trent's income tax rate is 21 percent.

Required - Compute the annual after-tax cost of each option and indicate which minimizes the after-tax cost of obtaining the worker.

Reference no: EM132656655

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