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OpenStudy (anonymous):
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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OpenStudy (anonymous):
My bet is D.
OpenStudy (anonymous):
i found the answer its A , d would be if they wasnt tax exempt
OpenStudy (anonymous):
\[\frac{500}{(1-0.28)}=694.444 \]
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