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Corp provides following benefit to employee he is age 48 0.15 as seen on the exhibit. EXHIBIT 12-8 Uniform Premiums for $1,000 of Group-Tenn Life

Corp provides following benefit to employee he is age 48 0.15 as seen on the exhibit.

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EXHIBIT 12-8 Uniform Premiums for $1,000 of Group-Tenn Life Insurance Protection Cost per $1,000 of Protection 5-yearAge Bracket for One Month Under 25 25 to 29 30 to 34 35 to 39 40 to 44 45 to 49 50 to 54 55 to 59 60 to 64 65 to 69 70 and above JDD Corporation provides the following benets to its employee. Ahmed (age 48): Salary $326,000 Health insurance 15,000 Dental insurance 2,700 Life insurance 3,900 Dependent care 4,700 Professional dues 1,460 Personal use of company jet 279,000 Assume the life insurance is a group-term life insurance policy that provides $288,000 of coverage for Ahmed. (Use EXHIBIT 128.) Assuming Ahmed is subject to a marginal tax rate of 32 percent, what is his after-tax benefit of receiving each of these benets (ignoring FICA taxes)? (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar.) Description Amount Taxable benefits Salary $ 326,000 Personal use of company jet 279,000 Life insurance (taxable portion) Taxable total $ 605,000 Marginal tax rate % Income tax on benefits After-tax benefit of taxable items Nontaxable benefits Health insurance Dental insurance Life insurance (nontaxable portion) Dependent care Professional dues Nontaxable total 0 After-tax benefit of salary and benefits $ 0

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