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Required information Problem 9-54 (LO 9-1, LO 9-2) (Algo) [The following information applies to the questions displayed below.] Sarah is a cash-method, calendar-year taxpayer, and
Required information Problem 9-54 (LO 9-1, LO 9-2) (Algo) [The following information applies to the questions displayed below.] Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payments related to her business. Calculate the after-tax cost of each payment assuming she is subject to a 37 percent marginal tax rate. Note: Do not round intermediate calculation. Problem 9-54 Part-b (Algo) b. $3,000 to reimburse the cost of meals at restaurants incurred by employees while traveling for the business
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