Canada Computers Ltd. has an employee named Bob Barnes. This year, Canada Computers Ltd. decides to increase Bob's salary by $1684. Canada Computers Ltd. has a 28% tax rate. Bob is in an income bracket with a marginal tax rate of 44%. What is the after-tax cost to Canada Computers Ltd. of increasing Bob's salary?

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The aftertax cost to Canada Computers Ltd of increasing Bobs salary can be calculated as f... View the full answer