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Please show your work. Sally is 28% marginal tax bracket and is entitled to receive a bonus of $15,000 every December from her employer. She
Please show your work. Sally is 28% marginal tax bracket and is entitled to receive a bonus of $15,000 every December from her employer. She negotiates a deferral in this bonus amount from December of a current year to January of the following year. Compute the cumulative tax benefit of this deferral if she can earn 5.5% return on her investment and plans to work for the next 25 years.
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