Business, 02.03.2020 21:17 mmagee2020

Assuming a 21 percent marginal tax rate, compute the after-tax cost of the following business expenses: a. $5,600 premium on business property and casualty insurance. b. $1,200 fine paid for business entertainment. c. $3,700 premium on key-person life insurance. d. $50,000 political contribution. e. $7,800 client meals.

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Assuming a 21 percent marginal tax rate, compute the after-tax cost of the following business expens...