Question: a b and c please Problem 3-39 (LO 3-2, LO 3-3) (Algo) Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole
Problem 3-39 (LO 3-2, LO 3-3) (Algo) Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received a $35,000 bill trom her accountant for consulting services related to her small business. Isabel can pay the $35,000 ball anytime before January 30 of next year without penaity. Assume her marginal tax rate is 37 percent this year and next yeat, and tbat she can earn an aher tax rate of return of 8 percent on her investments. Pequired: a. What is the afer-tax cont if isabel pays the $35,000 bill in December? b. What is the afterax cost if isabel pays the $35,000 bil in January? Use fxhlbit 31 Note: Round your anwwer to the nearest whole dollar amount. c. Bosed on requirements a and b, should Isabel pay the $35,000 bili in December or January? Complete this question by entering your answers in the tabs below. What is the arter-tax cout if lsasel pays the $35,000 bill in December? Problem 3-39 (LO 3-2, LO 3-3) (Algo) Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received a $35,000 bill trom her accountant for consulting services related to her small business. Isabel can pay the $35,000 ball anytime before January 30 of next year without penaity. Assume her marginal tax rate is 37 percent this year and next yeat, and tbat she can earn an aher tax rate of return of 8 percent on her investments. Pequired: a. What is the afer-tax cont if isabel pays the $35,000 bill in December? b. What is the afterax cost if isabel pays the $35,000 bil in January? Use fxhlbit 31 Note: Round your anwwer to the nearest whole dollar amount. c. Bosed on requirements a and b, should Isabel pay the $35,000 bili in December or January? Complete this question by entering your answers in the tabs below. What is the arter-tax cout if lsasel pays the $35,000 bill in December
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