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3. Marlo, a publicly held corporation with a 21 percent tax rate, has agreed to pay an annual salary of $1.3 million to its employee,

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3. Marlo, a publicly held corporation with a 21 percent tax rate, has agreed to pay an annual salary of $1.3 million to its employee, Mrs. Ryman. In each of the following cases, compute Marlo's after-tax cost of the salary. In making your calculations, ignore the employer payroll tax. a. Mrs. Ryman is Marlo's principal executive officer (PEO). b. Mrs. Ryman is Marlo's director of marketing and the sixth most highly compensated employee in the company

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