Question 1:

Lynette is the CEO of publicly traded TTT Corporation and earns a salary of $202,500 in the current year. What is TTT Corporation's after-tax cost of paying Lynette's salary excluding FICA taxes? EXHIBIT 13-1 Defined Benefit Plans Minimum Vesting Schedules* *Percent of employee benefit no longer subject to forfeiture. Source: Internal Revenue Service. "Title 26." www. govinfo.gov. . Future Value of $1 Future Value of Annuity of $1