Firm a had a 15 marginal tax rate and firm z has a 28, Ask an Expert

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Firm A had a 15% marginal tax rate, and firm Z has a 28% marginal tax rate. Firm A owns a controlling interest in firm Z. The owners of Firm A decide to incur a $9500 deductible expense that will benefit both firms.
Compute the after tax cost of the expense assuming that Firm A incurs the expense?

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Taxation, Accounting

Category:- Taxation
Reference No.:- M91247281

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