In the current year, Jill, age 35, received a job offer with two alternative compensation packages to choose from The first package offers her $90,000 annual salary with no qualified fringe benefits and requires her to pay $3,500 a year for parking and to purchase life insurance at a cost of $1,000 The second package offers $80,000 annual salary, employer provided health insurance, annual free parking (worth $320 per month) $200,000 of life insurance (purchasing on her own would have been $1,000 annually), and free flight benefits (she estimates that it will save her $5,000 per year) If Jill chooses the first package, she will purchase the health and life insurance benefits herself at a cost of $1,000 annually after taxes and spend another $5,000 in flights while traveling Assume her marginal tax rate is 32 percent (Use Exhibit 12 08 ) es Required a1 Which compensation package should she choose a2 How much would she benefit in after tax dollars by choosing this compensation package instead of the alternative package 61 Assume the first package offers $100,000 salary with no qualified benefits instead of $90,000 salary and the other benefits and costs are the same Which compensation package should she choose b2 How much would she benefit in after tax dollars by choosing this package Complete this question by entering your answers in the tabs below Regal Rega2 Reg b1 Reg 2 How much would she benefit in after tax dollars by choosing this compensation package instead of the alternative package (Round your intermediate computations to the nearest whole dollar amount ) After tax benefit Required a1 Which compensation package should she choose a2 How much would she benefit in after tax dollars by choosing this compensation package instead of the alternative package b1 Assume the first package offers $100,000 salary with no qualified benefits instead of $90,000 salary and the other benefits and costs are the same Which compensation package should she choose b2 How much would she benefit in after tax dollars by choosing this package Complete this question by entering your answers in the tabs below Reg a1 Reg a2 Req b1 Reg b2 How much would she benefit in after tax dollars by choosing this package (Round your intermediate computations to the nearest whole dollar amount ) Ater tax benett ( Reqb1

Question

In the current year, Jill, age 35, received a job offer with two alternative compensation packages to choose from  The first package offers her $90,000 annual salary with no qualified fringe benefits and requires her to pay $3,500 a year for parking and to purchase life insurance at a cost of $1,000  The second package offers $80,000 annual salary, employer provided health insurance, annual free parking (worth $320 per month) $200,000 of life insurance (purchasing on her own would have been $1,000 annually), and free flight benefits (she estimates that it will save her $5,000 per year)  If Jill chooses the first package, she will purchase the health and life insurance benefits herself at a cost of $1,000 annually after taxes and spend another $5,000 in flights while traveling  Assume her marginal tax rate is 32 percent  (Use Exhibit 12 08 ) es Required  a1  Which compensation package should she choose  a2  How much would she benefit in after tax dollars by choosing this compensation package instead of the alternative package  61  Assume the first package offers $100,000 salary with no qualified benefits instead of $90,000 salary and the other benefits and costs are the same  Which compensation package should she choose  b2  How much would she benefit in after tax dollars by choosing this package  Complete this question by entering your answers in the tabs below  Regal Rega2 Reg b1 Reg 2 How much would she benefit in after tax dollars by choosing this compensation package instead of the alternative package  (Round your intermediate computations to the nearest whole dollar amount ) After tax benefit Required  a1  Which compensation package should she choose  a2  How much would she benefit in after tax dollars by choosing this compensation package instead of the alternative package  b1  Assume the first package offers $100,000 salary with no qualified benefits instead of $90,000 salary and the other benefits and costs are the same  Which compensation package should she choose  b2  How much would she benefit in after tax dollars by choosing this package  Complete this question by entering your answers in the tabs below  Reg a1 Reg a2 Req b1 Reg b2 How much would she benefit in after tax dollars by choosing this package  (Round your intermediate computations to the nearest whole dollar amount ) Ater tax benett ( Reqb1

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In the current year, Jill, age 35, received a job offer with two alternative compensation packages to choose from. The first package offers her $90,000

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