ynette is the CEO of publicly traded TTT Corporation and earns a salary of $272,500 in the current year.   What is TTT Corporation’s after-tax cost of paying Lynette’s salary excluding FICA taxes

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Lynette is the CEO of publicly traded TTT Corporation and earns a salary of $272,500 in the current year.

 

What is TTT Corporation’s after-tax cost of paying Lynette’s salary excluding FICA taxes?

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