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Required information [The following information applies to the questions displayed below] Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following
Required information [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. a. $2,600 payment for next year's property taxes on her place of business After-tax cost
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