Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 9. nicoles employer, poe corporation, provides her

9. Nicoles employer, Poe Corporation, provides her with an automobile allowance of $20,500 every other...

80.2K

Verified Solution

Question

Accounting

9. Nicoles employer, Poe Corporation, provides her with an automobile allowance of $20,500 every other year. Her marginal tax rate is 30 percent. Poe Corporation has a marginal tax rate of 35 percent. Answer the following questions relating to this fringe benefit.

a. What is Nicoles after-tax benefit if she receives the allowance this year?

After-tax benefit: ?

b. What is Poes after-tax cost of providing the auto allowance?

After-tax cost: ?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Give an example of a specific intracellular receptor be sure to indicate its exact location and...

Physics
1.2K views

The New York Wheel is the world's largest Ferris wheel. It's 183 meters in diameter and...

Accounting
1.2K views

Tioga Company manufactures sophisticated lenses and mirrors used in large optical telescopes. The company is now...

Biology
1.2K views

y winter 2 My courses SC BIOL1001

Basic Math
1.2K views

2 yd deep To haul away all of the dirt from the hole a dump...

Basic Math
1.2K views

ribes giving alternative forms for coordinates of a point Click here to watch the video...

Algebra
1.2K views

f is a polynomial function with leading coefficient -10 and degree 30.Describe the end behavior...

Accounting
1.2K views

22. Traditional IRA Characteristics. (Obj. 4) For each statement, check true...

Accounting
1.2K views

II. New Motion Ltd. manufactures a single product which has selling price is 120 per...

Accounting
1.2K views

Nabb & Fry Co. reports net income of $27,200. Interest allowances are Nabb $5,700 and...

Accounting
1.2K views

Required information Four years ago, Sierra Instruments of Monterey, California, spent $200,000 for equipment for...

Accounting
1.2K views

QUESTION 32 Clark Corp. prepares monthly bank reconciliations of its checking account balance....