Question: Check my work Trent Incorporated needs an additional worker on a multiyear project. It could hire an employee for a $70,000 annual salary Alternatively, it
Check my work Trent Incorporated needs an additional worker on a multiyear project. It could hire an employee for a $70,000 annual salary Alternatively, it could engage an independent contractor for a $77,000 annual fee Trent's income tax rate is 21 percent Required: Compute the annual after-tax cost of each option and indicate which minimizes the after-tax cost of obtaining the worker (Round all your intermediate calculations to the nearest whole dollar amount.) 30 After-tax cost of employee After-tax cost of independent contractor Option that minime after-tax cost
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