Required information. Problem 12-38 (LO 12-3) (Algo) [The following information applies to the questions displayed below] Nicole's employer, Poe Corporation, provides her with an automobile allowance of $26,000 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) . What is Poe's after-tax cost of providing the auto allowance? Answer is complete but not entirely correct. After-tax cost 19,240
Required information. Problem 12-38 (LO 12-3) (Algo) [The following information applies to the questions displayed below] Nicole's employer, Poe Corporation, provides her with an automobile allowance of $26,000 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) . What is Poe's after-tax cost of providing the auto allowance? Answer is complete but not entirely correct. After-tax cost 19,240
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
![Required information
Problem 12-38 (LO 12-3) (Algo)
[The following information applies to the questions displayed below.]
Nicole's employer, Poe Corporation, provides her with an automobile allowance of $26,000 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 Poe's after-tax cost of providing the auto allowance?
Answer is complete but not entirely correct.
19,240 X
After-tax cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F472621be-5969-4a54-b52e-f83201e6e65c%2F7102865c-d8d8-4ff2-a624-56ee18d2f4d7%2F373jrts_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Problem 12-38 (LO 12-3) (Algo)
[The following information applies to the questions displayed below.]
Nicole's employer, Poe Corporation, provides her with an automobile allowance of $26,000 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 Poe's after-tax cost of providing the auto allowance?
Answer is complete but not entirely correct.
19,240 X
After-tax cost
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