Asked by vedrana

Bob 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
IS C CORRECT ANSWER?THANK YOU:)))
Answered by FredR
NO.
500 = A - A x 0.28 = A (1-.28) = .72A
so,
A = 500/0.72 = 694
Answered by PsyDAG
What does this have to do with psychology?
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