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Required information Problem 1 - 5 2 ( LO 1 - 1 , LO 1 - 2 ) ( Algo ) [ The following information

Required information
Problem 1-52(LO 1-1, LO 1-2)(Algo)
[The following information applies to the questions displayed below.]
Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments related to his business this year.
Calculate the after-tax cost of each paymentrassuming Haru has a 37 percent marginal tax rate.
Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.
Problem 01-52 Part-d (Algo)
d. $950 for several pairs of work boots. Haru expects to use the boots about 90 percent of the time in his business and the remainder of the time for hiking. Consider the boots to be a form of clothing.
After-tax cost
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