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Daniel's employer, Rainy Days Inc, a retirement planning company, provides him with a moving allowance of $10,000. His marginal tax rate is 32 percent. Answer

Daniel's employer, Rainy Days Inc, a retirement planning company, provides him with a moving allowance of $10,000. His marginal tax rate is 32 percent. Answer the following questions relating to this fringe benefit. a. What is Daniel's after-tax benefit of the moving allowance? b. What is Rainy's after-tax cost of providing the moving allowance

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