Leesburg paid its employee $200,000 of compensation for the year.What is the after-tax cost of paying the salary assuming a 21 percent marginal tax rate (ignore payroll taxes)?

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The Answer of Leesburg paid its employee $200,000 of compensation for the year.What is the after-tax cost of paying the salary assuming a 21 percent marginal tax rate (ignore payroll taxes)?

Leesburg Paid Its Employee $200,000 of Compensation for the Year