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Marlo, a publicly held corporation with a 2 1 percent tax rate, has agreed to pay an annual salary of $ 1 . 2 8

Marlo, a publicly held corporation with a 21 percent tax rate, has agreed to pay an annual salary of $1.28 million to its employee, Lindsey. In making your calculations, ignore the employer payroll tax.Required:Compute Marlos after-tax cost of the salary when Lindsey is Marlo's principal executive officer (PEO).Compute Marlos after-tax cost of the salary when Lindsey is Marlo's Director of Marketing and the sixth most highly compensated employee in the company.

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