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DD Corporation provides the following benefits to its employee, Ahmed (age 37): Salary $ 394,000 Health insurance 18,600 Dental insurance 3,300 Life insurance 5,700 Dependent
DD Corporation provides the following benefits to its employee, Ahmed (age 37):
Salary | $ 394,000 |
---|---|
Health insurance | 18,600 |
Dental insurance | 3,300 |
Life insurance | 5,700 |
Dependent care | 4,900 |
Professional dues | 850 |
Personal use of company jet | 277,000 |
The life insurance is a group-term life insurance policy that provides $214,000 of coverage for Ahmed. Assuming Ahmed is subject to a marginal tax rate of 32 percent, what is his after-tax benefit of receiving each of these benefits? (Use EXHIBIT 12-8.) (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar.)
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