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After tax cost of trip ProTem is a sole member LLC and the sole member has a 35 percent tax rate. In april, 2018 the
After tax cost of trip ProTem is a sole member LLC and the sole member has a 35 percent tax rate. In april, 2018 the firm paid for a business trip to Italy, the total cost of which was $9,750 as follows: a. Airfare: $2.750 b. Hotel: $3,950 c. Meals: $1,975 d. Limo: $1,000 e. Parking $ 75 Only 50 percent of the cost of meals is deductible. Compute the after tax cost of the trip.
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