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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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