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[The following information applies to the questions displayed below.] Nicole's employer, Poe Corporation, provides her with an automobile allowance of $66,000 every other year. Her

[The following information applies to the questions displayed below.]

Nicole's employer, Poe Corporation, provides her with an automobile allowance of $66,000 every other year. 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?

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