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In 2016, Jill, age 35, received a job offer with two alternative compensation packages to choose from. The first package offers her $110,000 annual salary

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In 2016, Jill, age 35, received a job offer with two alternative compensation packages to choose from. The first package offers her $110,000 annual salary with no qualified fringe benefits, requires her to pay $2,600 a year for parking, and pay her life insurance premiums at a cost of $2,500. The second package offers $100,000 annual salary, employer-provided health insurance, annual free parking (worth $295 per month), $200,000 of life insurance (purchasing on her own would have been $2,500 annually), and free flight benefits (she figures that it will save her $5,250 per year). If Jill chooses the first package, she would purchase the health and life insurance benefits herself at a cost of $6,250 annually after taxes and spend another $5,250 in flights 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? Package 1 offers her $110,000 annual salary with no qualified fringe benefits. Package 2 offers $100,000 annual salary plus health and life insurance benefits. a-2. How much would she benefit in after-tax dollars by choosing this compensation package instead of the other compensation package? fter-tax dollars. b-1. Assume the first package offers $123,000 salary with no qualified benefits instead of $110,000 salary plus benefits. Which compensation package should she choose? Package 1 offers her $123,000 annual salary with no qualified fringe benefits. Package 2 offers $100,000 annual salary plus health and life insurance benefits. b-2. How much would she benefit in after-tax dollars by choosing this package? After-tax dollars

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