Aroon is a valuable employee for his company, and he will receive a significant bonus. His...
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Aroon is a valuable employee for his company, and he will receive a significant bonus. His employer has asked him to consider moving to a new location in a different state within the company. His bonus is guaranteed and projected to be $75,000. Aroon can choose to receive the bonus in the current year or the following year. You are able to determine the following information: Marginal tax rate State tax rate 10% 5% Current year Next year Should Aroon move his location in the current year or next year? 24% 32% Aroon is a valuable employee for his company, and he will receive a significant bonus. His employer has asked him to consider moving to a new location in a different state within the company. His bonus is guaranteed and projected to be $75,000. Aroon can choose to receive the bonus in the current year or the following year. You are able to determine the following information: Marginal tax rate State tax rate 10% 5% Current year Next year Should Aroon move his location in the current year or next year? 24% 32%
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