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Required information Problem 12-41 (LO 12-3) (Algo) [The following information applies to the questions displayed below.] Seiko's current salary is $127,500. Her marginal tax rate
Required information Problem 12-41 (LO 12-3) (Algo) [The following information applies to the questions displayed below.] Seiko's current salary is $127,500. Her marginal tax rate is 32 percent, and she fancies European sports cars. She purchases a new auto each year. Seiko is currently a manager for Idaho Office Supply. Her friend, knowing of her interest in sports cars, tells her about a manager position at the local BMW and Porsche dealer. The new position pays only $116,800 per year, but it allows employees to purchase one new car per year at a discount of $16,700. This discount qualifies as a nontaxable fringe benefit. In an effort to keep Seiko as an employee, Idaho Office Supply offers her a $10,900 raise. Answer the following questions about this analysis. Problem 12-41 Part c (Algo) c. What salary would Seiko need to receive from Idaho Office Supply to make her financially indifferent (after taxes) between receiving additional salary from Idaho Office Supply and accepting a position at the auto dealership? (Round your intermediate computations to the nearest dolar amount.) Salary needed
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