JDD Corporation provides the following benefits to its employee, Ahmed (age 47) Salary ..................................................... $300,000 Health insurance
Question:
JDD Corporation provides the following benefits to its employee, Ahmed (age 47)
Life insurance ..........................................$3,000
Dependent care ..................................... $5,000
Professional dues ....................................$ 500
Personal use of company jet ........... $200,000
Assume the life insurance is a group-term life insurance policy that provides $200,000 of coverage for Ahmed. Assuming Ahmed is subject to a marginal tax rate of 30 percent, what is his after-tax benefit of receiving each of these benefits (ignoring FICA taxes)?
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The aftertax benefit of Ahmeds salaryand benefits is 370419 calcul...View the full answer
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