Business
Business, 17.06.2021 20:20, andreanaapollon6337

Tony's marginal income tax rate is 24%, and he pays FICA tax on his entire salary (7.65%). Tony's employer offered him a choice between $5,000 additional salary or a nontaxable fringe benefit. Tony would have to pay $3,600 to purchase the benefit directly. Which of the following statements is true? (answers rounded to the nearest whole dollar)A. The fringe benefit and the additional salary have the same after-tax value. B. The fringe benefit is worth $83 more than the additional salary. C. The additional salary is worth $300 more than the fringe benefit. D. None of the above is true.

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Tony's marginal income tax rate is 24%, and he pays FICA tax on his entire salary (7.65%). Tony's em...

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