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Required information [The following information applies to the questions displayed below. Nicole's employer, Poe Corporation,...

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Accounting

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Required information [The following information applies to the questions displayed below. Nicole's employer, Poe Corporation, provides her with an automobile allowance of $34,000 every other year. Her marginal tax rate is 32 percent. Answer the following questions relating to this fringe benefit. b. What is Poe's after-tax cost of providing the auto allowance? Answer is complete but not entirely correct. After-tax cost $ 22,100 %

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