The annual Sport Club membership fees of $2500 are due on August 31, 2018. Club management offers a reduction of membership fees of 18.4% p.a. to members who pay the dues by June 17, 2018. How much must a member pay on June 17 comma 2018, if she chooses to take advantage of the club management's offer?

The annual Sport Club membership fees of $2500 are due on August 31, 2018. Club management offers a reduction of membership fees of 18.4% p.a. to members who pay the dues by June 17, 2018. How much must a member pay on June 17 comma 2018, if she chooses to take advantage of the club management's offer?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter19: Deferred Compensation

Section: Chapter Questions

Problem 27P

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