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Assume Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payment related to her business. $3,200 to reimburse the cost
Assume Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payment related to her business. $3,200 to reimburse the cost of meals incurred by employees while traveling for the business. What is the after-tax cost of her payment assuming she is subject to25percent marginal tax rate. (Do not round Intermediate calculation.) 5
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