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Problem 12-25 (LO 12-1) Lynette is the CEO of publicly traded TTT Corporation and earns a salary of $315,000 in the current year. Assume TTT
Problem 12-25 (LO 12-1)
Lynette is the CEO of publicly traded TTT Corporation and earns a salary of $315,000 in the current year. Assume TTT is profitable and has a 21 percent tax rate.
What is TTT Corporations after-tax cost of paying Lynettes salary?
After Tax Cost_______?
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