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Required information Problem 12-38 (LO 12-3) (Algo) [The following information applies to the questions displayed below] Nicole's employer. Poe Corporation, provides her with an automobile

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Required information Problem 12-38 (LO 12-3) (Algo) [The following information applies to the questions displayed below] Nicole's employer. Poe Corporation, provides her with an automobile allowance of $26,000 every other yeat. Her marginal tax rate is 32 percent. Answer the following questions relating to this fringe benefit. Problem 12-38 Part b (Algo) b. What is Poe's after-tax cost of providing the auto allowance? (x) Answer is complete but not entirely correct

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