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KPMG, Inc. needs an additional auditor for a one year project. KPMG could either hire...

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Accounting

KPMG, Inc. needs an additional auditor for a one year project. KPMG could either hire an employee for a $72,000 annual salary or hire an independent contractor for a $75,000 annual fee. If KPMG's marginal income tax rate is 21%, how much cost (after-tax) could be saved by hiring the independent contractor?

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