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Please solve for the first one. please not that 57,189 is wrong for the first one and 52,140 is wrong too. Trent Incorporated needs an
Please solve for the first one. please not that 57,189 is wrong for the first one and 52,140 is wrong too.
Trent Incorporated needs an additional worker on a multiyear project. It could hire an employee for a $66,000 annual salary. Alternatively, it could engage an independent contractor for a $73,000 annual fee. Trent's income tax rate is 21 percent. Required: Compute the annual after-tax cost of each option and indicate which minimizes the after-tax cost of obtaining the worker. (Round all your intermediate calculations to the nearest whole dollar amount.) Answer is complete but not entirely correct. S 52,140 x After-tax cost of employee After-tax cost of independent contractor Option that minimizes after-tax cost 57,670 S Hire an employee OStep by Step Solution
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