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Kelly sells life insurance and is considering buying a $50000 Mercedes for business purposes (the expense will reduce her taxable income). If Kelly is in the 40 percent marginal tax bracket - how much after-tax income will she have to forgo in order to enjoy the Mercedes?

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Kelly sells life insurance and is considering buying a $50000 Mercedes for business purposes (the expense will reduce her taxable income). If Kelly is in the 40 percent marginal tax bracket - how much after-tax income will she have to forgo in order to enjoy the Mercedes?






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