Felice is in the hotel management field. She rents an apartment near the hotel so she can walk to work. She pays $1,000 per month for rent. Felice has just been offered a similar position at a different hotel. The salary will be $14,000 lower, but they do require she live in the hotel to be on call and provide her with suite to live in. Felice has a marginal tax rate of 32%. She will be financially ahead by accepting the new position.
Answer the following statement true (T) or false (F)
True
The $9,380 decrease in her after-tax salary is less than the $12,000 she currently pays in rent. [$14,000 * (1 - .32) = $9,520]
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