Geography
knike1214
3

Barb Hotchkins is in the 28 percent tax bracket. A tax-exempt employee benefit with a value of $500 would have a tax-equivalent value of: a. $694. b. $528. c. $500. d. $360.

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(1) Answers
Laalys

A = 500/0.72 = $694 so the answer is A.

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