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Orange Corporation, a publicly held company with a 21% tax rate, paid its CFO an...

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Accounting

Orange Corporation, a publicly held company with a 21% tax rate, paid its CFO an annual salary of $1.2 million plus a year-end bonus of $300,000. The bonus was based on a targeted amount of annual gross revenue. Ignoring payroll taxes, calculate the after-tax cost of the CFO's compensation.

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