Explain the impact of estimated costs and benefits on this company. Consider the following in your response:

Explain the details of the estimated costs

Determine the potential benefits

Summarize the goal of reducing the tax liability. Consider the following in your response:

Identify the tax effect of implementing the incentive

Consider if the tax savings will continue to future years

Evaluate the results of the cost$-$benefit analysis. Consider the following in your response:

Consider what the company may gain from this analysis

Provide recommendations on the next steps for the company

Costs New employee salary $$240,000$ Hiring expense $$15,000$ Technology costs $($hardware and software$)$ $$30,000.$ Benefits Revenue increase $$400,000$ Additional revenue increase $$37,500$