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Melinda has been offered two competing employment contracts for the next two years.
Argus Corporation will pay her a $75,000 salary in both years 1 and 2. Dynamic Corporation will pay Melinda a $100,000 salary in year 1 and a $49,000 salary in year 2. Melinda expects to be in the 25 percent marginal tax bracket in year 1 and in the 33 percent marginal tax bracket in year 2 (due to a significant amount of income from new rental properties). She does not expect either offer to change her marginal tax bracket for either year. Both Argus Corporation and Dynamic Corporation expect their marginal tax brackets to remain at 34 percent over the two-year period and expect that employment tax rates will remain the same.
a. Compute the net present value of the after-tax cash flow for Melinda and after-tax cost for Argus and Dynamic for each of the proposed employment contracts using a 6 percent discount rate.
b. Which alternative is better for Melinda and which is better from the corporation's perspective?
They are interested in taking advantage of any tax-free fringe benefits that may be available to them. Discuss the advantages and disadvantages from a fringe-benefit perspective of each form of business entity.
question 1 explain each of the following using supply and demand diagrams.a when a cyclone hits queensland the price
The Dapper-Dons Partnership was formed ten years ago as a general partnership to custom tailor men's clothing. Dapper-Dons is located at 123 Flamingo Drive in City, ST, 54321.
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The Pigalle Corporation has taxable income of $450,000. Determine its tax liability. If the corporation's alternative minimum taxable income is $902,000, what is its alternative minimum tax?
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glenn and andrea are both highly paid professional people working and living in melbourne. they decide to opt out of
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