Question
6 Part 3 of 3 0.67 points eBook Hint Print References Required information [The following information applies to the questions displayed below.] Seiko's current salary
6 Part 3 of 3 0.67 points eBook Hint Print References Required information [The following information applies to the questions displayed below.] Seiko's current salary is $124,500. Her marginal tax rate is 32 percent, and she fancies European sports cars. She purchases a new auto each year. Seiko is currently a manager for Idaho Office Supply, Inc. Her friend, knowing of her interest in sports cars, tells her about a manager position at the local BMW and Porsche dealer. The new position pays only $108,000 per year, but it allows employees to purchase one new car per year at a discount of $20,700 This discou qualifies as a nontaxable fringe benefit. In an effort to keep Seiko as an employee, Idaho Office Supply, Inc. offers her a $12,500 raise. Answer the following questions about this analysis. c. What salary would Seiko need to receive from Idaho Office Supply, Inc. to make her financially indifferent (after taxes) betwe- receiving additional salary from Idaho Office Supply and accepting a position at the auto dealership? (Round your intermediate computations to the nearest dollar amount.) Salary needed
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