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Despite employee objections, your employer refuses to offer pay for medical insurance. As a budding tax scholar, you know this is unwise because employer-paid medical

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Despite employee objections, your employer refuses to offer pay for medical insurance. As a budding tax scholar, you know this is unwise because employer-paid medical expense is a non-taxable fringe benefit. How much does your employer have to give you in cash to make you indifferent between cash and the payment of $5,000 of medical insurance premiums a year. Assume your tax rate is 15%. [Select ] [ Select None of the available choices are correct. $5,882 $4,728. $6,120 $5,000

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