Chapter 3 Problems Saved Help 1 Update Some a available Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received a $26.000 bill from her accountant for consulting services related to her small business. Isabel can pay the $26,000 bill anytime before January 30 of next year without penalty. Assume her marginal tax rate is 37 percent this year and next year, and that she can earn an after-tax rate of return of 9 percent on her investments a. What is the after-tax cost if Isabel pays the $26,000 bill in December? 3 points Slopped After-tax cost eBook Hint b. What is the after-tax cost if Isabel pays the $26,000 bill in January? Use Exhibit 31. (Round your answer to the nearest whole dollar Print amount.) After-tax cost c. Based on requirements a and b, should Isabel pay the $26,000 bill in December or January? December January Help Save & Exit Submit 7 Check my work Daniel is considering selling two stocks that have not fared well over recent years. A friend recently informed Daniel that one of his stocks has a special designation, which allows him to treat a loss up to $52,000 on this stock as an ordinary loss rather than the typical capital loss. Daniel figures that he has a loss of $62,400 on each stock. If Daniel's marginal tax rate is 35 percent and he has $124,800 of other capital gains (taxed at 15 percent), what is the tax savings from the special tax treatment? 3 points Skipped Tax savings eBook Hint Print