Susanna a businesswoman is in 33% tax bracket. She asks her clients to bill her in February
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Question:
Susanna a businesswoman is in 33% tax bracket. She asks her clients to bill her in February of the following year instead of December of the current year. Her billing is for $22,000 per year. Compute the cumulative tax benefit of this deferral if she can earn 6.25% return on her investment and plans to repeat this process for the next 15 years.
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