Collin Products received notice of a $27,000 income tax deficiency plus $4,000 interest. The deficiency...
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Collin Products received notice of a $ income tax deficiency plus $ interest. The deficiency related to an incorrect method of accounting for business inventory. Required: a Compute the aftertax cost of the $ interest payment assuming that Collin Products is a corporate taxpayer with a percent marginal tax rate. b Compute the aftertax cost of the $ interest payment assuming that Collin Products is a sole proprietorship owned by Leslie Collin. Leslie's marginal tax rate is percent. Complete this question by entering your answers in the tabs below. Required B Compute the aftertax cost of the $ interest payment assuming that Collin Products is a corporate taxpaye percent marginal tax rate. Aftertax cost 
Collin Products received notice of a $ income tax deficiency plus $ interest. The deficiency related to an incorrect method of accounting for business inventory.
Required:
a Compute the aftertax cost of the $ interest payment assuming that Collin Products is a corporate taxpayer with a percent marginal tax rate.
b Compute the aftertax cost of the $ interest payment assuming that Collin Products is a sole proprietorship owned by Leslie Collin. Leslie's marginal tax rate is percent.
Complete this question by entering your answers in the tabs below.
Required B
Compute the aftertax cost of the $ interest payment assuming that Collin Products is a corporate taxpaye percent marginal tax rate.
Aftertax cost
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