Question: Should Michael take the assignment in Mongolia? What are the salary and cost of living benefits for doing so? Please use Excel to compute the

  1. Should Michael take the assignment in Mongolia? What are the salary and cost of living benefits for doing so? Please use Excel to compute the salary and other benefits over an 18-month period.(You may copy/paste the Excel worksheet within this document.)

  • Michael earns $200,000 per year.
  • Assume Michael's federal income tax rate is 25%.
  • Assume Michael's income will not be taxable while in Mongolia.
  • Further assume that full payment of his living expenses while in Mongolia will save his family $2,000 per month while he is gone since they will save on food, utilities, automobile, and other expenses.

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