Hi, I only need help with the life insurance portion. Hope you can explain this to me. Thanks!

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 32 % Income tax on benefits After-tax benefit of taxable items Nontaxable benefits Health insurance $ 15,000 Dental insurance 2,700 Life insurance (nontaxable portion) Dependent care 4,700 Professional dues 1,460 Nontaxable total $ 23,860 After-tax benefit of salary and benefits $ 23,860EXHIBIT 1 2-3 Uniform Premiums for $1,000 of Group-Tenn Life Insurance Protection Cost per $1,000 of Protection 5-year Age Bracket for One Month Under 25 $0.05 25 to 29 .06 30 to 34 .08 35 to 39 .09 40 to 44 .10 45 to 49 .15 50 to 54 .23 55 to 59 .43 60 to 64 .66 65 to 69 1.27 70 and above 2.06