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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 $20,000 every other year.Her marginal
[The following information applies to the questions displayed below.]
Nicole's employer, Poe Corporation, provides her with an automobile allowance of $20,000 every other year.Her marginal tax rate is 32 percent. Answer the following questions relating to this fringe benefit.
b.What is Poe's after-tax cost of providing the auto allowance?
After-tax cost: ??????
Is this question missing the tax rate for Poe Corporation?
Also the answer is not $13600
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