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In the current year, Jill, age 35, received a job offer with two alternative compensation packages to choose from. The first package offers her a
In the current year, Jill, age 35, received a job offer with two alternative compensation packages to choose from. The first package offers her a $90,000 annual salary with no qualified fringe benefits, employer provided health insurance, and requires her to pay $3.500 a year for parking and to purchase life insurance at a cost of $1,000. The second package offers an $80,000 annual salary. employer-provided health insurance. annual free parking (worth $320 per month). $200.090 of life insurance (purchasing on her own would have been $1,000 annually), and free flight benefits (she estimates that it will save her $5,000 per year) If Jil chooses the first package, she will purchase the health and life insurance benefits herself at a cost of $1,000 annually after taxes and spend another $5,000 in flights while traveling. Assume her marginal tax rate is 32 percent. (Use Exhibit 12-08.) Required: ad. Which compensation package should she choose? 32. How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative package? b1. Assume the first package offers a $100,000 salary Instead of a $90,000 salary, and the other benefits and costs are the same. Which compensation package should she choose? b2. How much would she benefit in after-tax dollars by choosing this package? Complete this question by entering your answers In the tabs below. Req bl Req b2 Which compensation package should she choose? Package 1 offers her $:0.000 annual salary with no qualified fringe benefits. ()Package 2 offers $80,000 annual salary plus qualified fringe benefits like health and life insurance benefits, parking, flight tickets.a1. Which compensation package should she choose? #2. How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative package? b1. Assume the first package offers a $100,000 salary instead of a $90,000 salary, and the other benefits and costs are the same. Which compensation package should she choose? 62. How much would she benefit in after-tax dollars by choosing this package? Complete this question by entering your answers in the tabs below. How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative package? (Round your intermediate computations to the nearest whale dollar amount.) Allor-lux bonafila1. Which compensation package should she choose? a2. How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative package? b1. Assume the first package offers a $100,000 salary Instead of a $90,000 salary, and the other benefits and costs are the same. Which compensation package should she choose? b2. How much would she benefit in after-tax dollars by choosing this package? Complete this question by entering your answers In the tabs below. Req a2 Mon b2 Assume the first package offers a $100,000 salary instead of a $90,000 salary, and the other benefits and costs are the same. Which compensation package should she choose? Package 1 offers har $100.000 annual salary with no qualified fringe benefits (Package 2 offers $10,000 annual salary plus qualified fringe benefits like health and life insurance benefits, parking, flight tickets.ad. Which compensation package should she choose? a2. How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative package? b1. Assume the first package offers a $100,000 salary instead of a $90,000 salary, and the other benefits and costs are the same. Which compensation package should she choose? b2. How much would she benefit In after-tax dollars by choosing this package? Complete this question by entering your answers in the tabs below. Reg 82 Reg b1 Req 02 How much would she benefit in after-tax dollars by choosing this package? (Round your intermediate computations to the nearest whole dollar amount.} Aller tix berfil
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