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Jan's combined marginal tax rate on additional income is 25%. Jan's employer gives her the option of tax exempt health insurance coverage or taxable compensation.

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Jan's combined marginal tax rate on additional income is 25%. Jan's employer gives her the option of tax exempt health insurance coverage or taxable compensation. Comparable health insurance would cost Jan $12,000 per year to purchase. Assuming Jan wishes to be insured, how much taxable compensation would she need to carn to have an after-tax value equal to the exempt health insurance coverage? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! IF YOU GET A DECIMAL AMOUNT IN YOUR FINAL ANSWER, ROUND UP THE ANSWER TO THE NEXT WHOLE DOLLAR AMOUNT

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