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Problem 12-38 (LO 12-3) (Algo) Skip to question [The following information applies to...

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Accounting

Problem 12-38 (LO 12-3) (Algo)

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[The following information applies to the questions displayed below.]

Nicoles employer, Poe Corporation, provides her with an automobile allowance of $54,000 every other year. Her marginal tax rate is 32 percent. Answer the following questions relating to this fringe benefit.

Problem 12-38 Part b (Algo)

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

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