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

Nicoles employer, Poe Corporation, provides her with an automobile allowance of $20,700 every other year....

80.2K

Verified Solution

Question

Accounting

Nicoles employer, Poe Corporation, provides her with an automobile allowance of $20,700 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

Chemistry
1.2K views

A 250.0-mL buffer solution is 0.290 molL−1 in acetic acid and 0.290 molL−1 in sodium acetate. Ka(CH3COOH)=1.8×10−5 Part...

Biology
1.2K views

Describe the characteristics of inorganic and organic catalysts (enzymes), as well as the characteristics that apply...

Finance
1.2K views

Wilbur and Orville are brothers.​ They're both serious​ investors, but they have different approaches to valuing...

Biology
1.2K views

What are some mechanisms by which pathogenic bacteria cause diseases? Why is this knowledge important?

Basic Math
1.2K views

When talking about budgets, what should ALWAYS be the inequality symbol?everything you're buying ? Totaleverything...

Basic Math
1.2K views

Joshua is going to invest $680 and leave it in an account for 19 years....

Statistics
1.2K views

To determine the effectiveness of a new pain reliever, a randomly chosen group of pain...

Accounting
1.2K views

You are saving for a Porsche Carrero Cabriolet, which currently sels...

Accounting
1.2K views

You have just been hired as a financial analyst for Lydex...

Accounting
1.2K views

Soudan Inc. reports under ASPE. It has profit from operations after tax of $300,000, including...

Accounting
1.2K views

Our examples in the chapter have focused on manufacturing. where the output is units of...

Accounting
1.2K views

1. Compute and interpret financlal ratios that managers use to assess IIquidity. 2. Compute and...