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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

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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 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. (Do not round intermediate calculation.) b. $3,800 to reimburse the cost of meals at restaurants incurred by employees while traveling for the business. Answer is complete but not entirely correct. After-tax cont $ 3,097

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