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Help with part a, thank you! Assuming a 21 percent marginal tax rate, compute the after-tax cost of the following business expense a. $7,300 premium

Help with part a, thank you!

Assuming a 21 percent marginal tax rate, compute the after-tax cost of the following business expense a. $7,300 premium on business property and casualty insurance. b. $2,900 fine paid for business entertainment. c. $5,400 premium on key-person life insurance d. $67,000 political contribution. e. $9,500 client meals. Answer ise complete but not entirely correct. $ After-tax cost 6,497 . b. After-tax cost 2,900 EAEA

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