Nicoles employer poe corporation provides her with an

Reference no: EM13599349

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)?

Reference no: EM13599349

Questions Cloud

Lamont works for a company in downtown chicago the firm : lamont works for a company in downtown chicago. the firm encourages employees to use public transportation to save the

The syt corporation produces two consumer products and a : the syt corporation produces two consumer products and a by-product. zylon is ready for sale after split-off while

Seikos currently has salary of 130000 and she fancies : seikos currently has salary of 130000 and she fancies european sports cars. she purchases a new auto each year. seiko

Xct manufacturing co increased its merchandise inventory by : xct manufacturing co. increased its merchandise inventory by 17000 over the year. the company also granted its

Nicoles employer poe corporation provides her with an : nicoles employer poe corporation provides her with an automobile allowance of 27000 every other year. her marginal tax

A predetermined overhead rate is based on direct : a predetermined overhead rate is based on direct labor-hours to apply manufacturing overhead to jobs. for a particular

The basic difference between a first-stage cost allocation : which of the following statements is are false regarding first-stage and second-stage cost allocation methods?a the

Steve pratt who is single purchased a home in spokane : steve pratt who is single purchased a home in spokane washington for 347500. he moved into the home on february 1 of

If a single cost driver is used as the allocation base : which of the following statements is are true regarding the potential effects of using reported product costs for

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages