Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payments related to her

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answerhappygod
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Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payments related to her

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Sarah is a cash-method, calendar-year taxpayer, and she is
considering making the following cash payments related to her
business.
Calculate the after-tax cost of each payment assuming she is
subject to a 37 percent marginal tax rate. (Do
not round intermediate calculation.)
a. $3,800 payment for next year’s property
taxes on her place of business.
b. $4,400 to reimburse the cost of meals
at restaurants incurred by employees while traveling for the
business.
c. $4,800 for football tickets to
entertain out-of-town clients during contract negotiations.
d. $2,300 contribution to the mayor’s
reelection campaign.
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