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4) A company and you agree on a salary of $80,000. Your marginal tax rate is 24%. The company's is 21%. What is the
4) A company and you agree on a salary of $80,000. Your marginal tax rate is 24%. The company's is 21%. What is the company's after-tax cost of paying the salary? What is your after-tax income? Cash flows of Company: Salary Payment Income Tax SAVINGS After-tax COST Cash flows of Employee: Salary Received Income Tax COST After-tax INCOME
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