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Seiko's current salary is $ Her marginal tax rate is percent, and she fancies European sports cars. She purchases a new auto each year. Seiko is currently a manager for Idaho Office Supply. Her friend, knowing of her interest in sports cars, tells her about a manager position at the local BMW and Porsche dealer. The new position pays $ per year, but it allows employees to purchase one new car per year at a discount of $ This discount qualifies as a nontaxable fringe benefit. In an effort to keep Seiko as an employee, Idaho Office Supply offers her a $ raise. Answer the following questions about this analysis.
Problem Part c Algo
c What salary would Seiko need to receive from Idaho Office Supply to make her financially indifferent after taxes between receiving additional salary from Idaho Office Supply and accepting a position at the auto dealership?
Note: Round your intermediate computations to the nearest dollar amount.
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