Marlo, a publicly held corporation with a 21 percent tax rate, has agreed to pay...
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Accounting
Marlo, a publicly held corporation with a 21 percent tax rate, has agreed to pay an annual salary of $1.3 million to its employee, Mrs. Ryman. In making your calculations, ignore the employer payroll tax.
1. Compute Marlos after-tax cost of the salary when Mrs. Ryman is Marlo's principal executive officer (PEO).
2.Compute Marlos after-tax cost of the salary when Mrs. Ryman is Marlo's Director of Marketing and the sixth most highly compensated employee in the company.
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