USE 2021 TAX RATES

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. $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 cost s 800