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5.Assume Sarah is a cash-method calendar-year taxpayer. She made a $400 payment for dinner with out-of-town clients during contract negotiations. What is the after-tax cost

5.Assume Sarah is a cash-method calendar-year taxpayer. She made a $400 payment for dinner with out-of-town clients during contract negotiations. What is the after-tax cost of this payment assuming she has a 25 percent marginal tax rate?

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