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Self- employed cash-method

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Haru is a self- employed cash-method, calendar-year taxpayer, who made the following cash payments related to his business this year

Calculate the after-tax cost of each payment assuming Haru has a 37% marginal tax rate.

$800 of interest on a short- term loan incurred in September and repaid in November. Half of the loan proceeds was used immediately to pay salaries and the other half was invested in municipal bonds until november

Reference no: EM133306467

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