Hello Vjvgoe, please help with this one. I'm stuck in many areas in this one.
In 2016. Jill. age 35, received a job oer with two alternative mmpensation packages to choose from. The first package offers her 5137.000 annual salary with no qualified fringe benets, requires her to pay $5.100 a yearfcr parking. Ind pay her life insurance premiums at a cost cf$1,550. The second packagI oers 5127.000 annual salary. employer-providId health insurance. annual free parking (worth $285 per month}. $225,000 cflife insurance (purchasing on hIr own would have baln $1,550 annually}, and freeight benefits [shI figures that it will SEVI hIr $5,300 per year). lfJill cl'ocses the rst packagI. she would purchase the health and life insurance benets herself at a cost of$5.?50 annually aertaxes and spend another $5.300 in ights while traveling. Assume her marginal tax rate is 28 percent. (Use Exhibit 12-10.) [Round your Intermediate computations to the nearest whole dollar amount.} a-1. Which compensation package should she choose? 0 Package 1 ol'Fer-s her 5137.000 annual salary with no qualied fringe benets. 0 Package 2 alters $127,000 annual salary plus health and life insurance benefits. a-Q. How much would she benefit in aeHax dollars by choosing this compensation package inmead ofthe other compensation package? : b-1. Assume therst package offers $152,000 salary with no qualied benefits instead of 5137.000 salary plus benets. Which compensation package should sl'e choose? 0 Package 1 dI'Fers her 5152.000 annual salary with no qualied fringe benets. 0 Package 2 ol'Fers $127,000 annual salary plus health and life insurance benefits. Ill-2. How much would she benet in aerstax dollars by choosing the package? : References eBook .1. Resources Comprehlnstve Problem Learning Objective: 12-01 Dismiss and LeImlng Objective: 12-03 Compare and contrast taxable and nontaxablI fringl benefits and explain the tax implications of compensation explain the employee and employer tax consequences associated with fringe benefits. in the form ofsalary and wages from the In 2016, Jill, age 35. received a job offer with two alternative compensation packages to choose from. The rst package offers hIr $131,000 annual salarywith no qualied fn'nge benets, requires her to pay $5,100 a year for parking. and pay her life insurance premiums ate cost of$1,550. The second package otters $127,000 annual salary. employer-provided health insurance. annual free parking (worth $205 per month), $225,000 o'llife insurance (purchasing on her own would have been $1,550 annually). and freeight benets (she gures that it will save her $5,300 per year). lfJill chooses the rst package, she would purchase the health and life insurance benets herself at a cost ol$5,750 annually aer taxes and spend another 55,300 in ights while traveling. Assume her marginal tax rate is 20 percent. (Use Exhibit 12-10.) (Round your Intermediate computations to the nearest whole dollar amount] a-1. Which compensation package should she choose? I:tlF'aolrage 1 offers her $137,000 annual salary with no qualied fringI benets. oopaokage 2 otters $127,000 annual salary plus health and life insurance benets. 8-2. How much would she benefit in alterstax dollars by choosing this compensation package instead of the other compensaliln package? Answer is complete but: not entirely correct 3 ESSEX b-1. Assume the rst package offers $152,000 salary with no qualied benefits instead of $137,000 salary plus benets. Which compensation package should she choose? C'Paclrage 1 otters her $152,000 annual salary with no qualied fringI benets. eoPackage 2 offers $127,000 annual salary plus health and life insurance benets. Ill-2. How much would she benefit in aerstax dollars by choosing this package? Answer is complete but not entirely correct $ 5.834X In 2016, Jill, age 35. received a job offer with two alternative compensation packages to choose from. The rst package offers hIr $131,000 annual salarywith no qualied fn'nge benets, requires her to pay $5,100 a year for parking. and pay her life insurance premiums ate cost of$1,550. The second package otters $127,000 annual salary. employer-provided health insurance. annual free parking (worth $205 per month), $225,000 o'llife insurance (purchasing on her own would have been $1,550 annually). and freeight benets (she gures that it will save her $5,300 per year). lfJill chooses the rst package, she would purchase the health and life insurance benets herself at a cost ol$5,750 annually aer taxes and spend another 55,300 in ights while traveling. Assume her marginal tax rate is 20 percent. (Use Exhibit 12-10.) (Round your Intermediate computations to the nearest whole dollar amount] a-1. Which compensation package should she choose? I:tlF'aolrage 1 offers her $137,000 annual salary with no qualied fringI benets. oopaokage 2 otters $127,000 annual salary plus health and life insurance benets. 8-2. How much would she benefit in alterstax dollars by choosing this compensation package instead of the other compensaliln package? Answer is complete but: not entirely correct 3 ESSEX b-1. Assume the rst package offers $152,000 salary with no qualied benefits instead of $137,000 salary plus benets. Which compensation package should she choose? C'Paclrage 1 otters her $152,000 annual salary with no qualied fringI benets. eoPackage 2 offers $127,000 annual salary plus health and life insurance benets. Ill-2. How much would she benefit in aerstax dollars by choosing this package? Answer is complete but not entirely correct $ 5.834X
