Business, 15.10.2019 19:00 teddylove2643

Eagle life insurance company pays its employees $.30 per mile for driving their personal automobiles to and from work. the company reimburses each employee who rides the bus $100 a month for the cost of a pass. tom, in his mazda 2-seat roadster, collected $100 for his automobile mileage, and mason received $100 as reimbursement for the cost of a bus pass. assume that tom and mason are in the 24% marginal tax bracket and the actual before-tax cost for tom to drive to and from work is $0.30 per mile. what are tom's and mason's after-tax costs of commuting to and from work?

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