Question: Why is this wrong? Required information [The following information applies to the questions displayed below.) Sarah is a cash-method, calendar-year taxpayer, and she is considering

Why is this wrong? Required information [The following information applies to the Why is this wrong?

Required information [The following information applies to the questions displayed below.) Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payments related to her business Calculate the after-tax cost of each payment assuming she is subject to a 37 percent marginal tax rate. (Do not round intermediate calculation.) c. $5,000 for football tickets to entertain out-of-town clients during contract negotiations. Answer is complete but not entirely correct. After-tax cost $ 3,150 X

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