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Problem 2-7 Calculating the After-Tax Value of Employee Benefits [LO2-4] Helen Ming receives a travel allowance of $160 each week from her company for time

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Problem 2-7 Calculating the After-Tax Value of Employee Benefits [LO2-4] Helen Ming receives a travel allowance of $160 each week from her company for time away from home If this allowance is taxable and she has a 10 percent income tax rate, what amount will she have to pay in taxes for this employee benefit? Note: Round your final answer to 2 decimal places

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