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Assuming a 21% marginal tax rate, compute the after-tax cost of the following business expenses. $12,300 business meals. $42,000 rent on factory equipment. $8,050 business

Assuming a 21% marginal tax rate, compute the after-tax cost of the following business expenses.

  1. $12,300 business meals.
  2. $42,000 rent on factory equipment.
  3. $8,050 business entertainment.

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