Multiple Choice
Shaniqua sells life insurance and is considering buying a $60,000 Lexus for business purposes (thus, the expense reduces her taxable income) . If Shaniqua is in the 40 percent marginal tax bracket, how much after-tax income will she have to give up in order to enjoy the Lexus?
A) $24,000
B) $36,000
C) $30,000
D) $84,000
Correct Answer:
Verified
Correct Answer:
Verified
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