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Bonnie's employer provides her with an annual dinner club membership costing $5,000. Her marginal tax rate is 24 percent. Her employer has a marginal tax rate of 21 percent. What is Bonnie's after-tax benefit?


A) $0
B) $1,200
C) $3,800
D) $5,000

E) A) and C)
F) A) and B)

Correct Answer

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Leesburg paid its employee $213,000 of compensation for the year. What is the after-tax cost of paying the salary assuming a 21 percent marginal tax rate (ignore payroll taxes)?

Correct Answer

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$...

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