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Type your name here------> Points earned --> 50 Read the instructions and hints before attempting to complete the solution. Enter your responses and answers in the areas specified. There are 50 total points for this assignment. The point value of each exercise is determined by dividing the 50 points by the number of exercises per assignment. If you have difficulty with any of the exercises, take advantage of the collaboration discussion forum. Workshop 4 8 Compensation planning 4, 8 9 Pension and retirement planning: introduction and investment decisions 1 Chapter 8 Exercise 4 points possible 16 deductions Points earned 16 4. Suppose you are an employee of toys4u.com and incurred $8,000 of company-related meals and entertainment (M&E) during the year. the company is evaluating whether to reimburse you directly or to pay additional salary and have you claim your M&E expenditures on your personal tax return. a. Assuming toys4u.com's marginal tax rate is 35%, what salary will make the firm indifferent between reimbursement to you of $8,000 and salary? b. Assuming toys4u.com is willing to offer you $8,000 reimbursement and salary of $X, solved in (a), which will you choose if your marginal tax rate is 28%? c. Will your answer to part (b) change if your marginal tax rate is 39.6%? a. Assuming toys4u.com's marginal tax rate is 35%, what salary will make the firm indifferent between reimbursement to you of $8,000 and salary? An $8,000 reimbursement costs Toys4u $8,000 - tc(50% x $8,000) = $8,000 - .35(50% x $8,000) =$