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JDD Corporation provides the following benefits to its employee, Ahmed (age 26): Salary $ 323,000 Health insurance 12,500 Dental insurance 3,900 Life insurance 5,400 Dependent
JDD Corporation provides the following benefits to its employee, Ahmed (age 26):
Salary | $ | 323,000 | |
Health insurance | 12,500 | ||
Dental insurance | 3,900 | ||
Life insurance | 5,400 | ||
Dependent care | 4,400 | ||
Professional dues | 1,380 | ||
Personal use of company jet | 278,000 | ||
Assume the life insurance is a group-term life insurance policy that provides $226,000 of coverage for Ahmed. (Use EXHIBIT 12-10.) a. Assuming Ahmed is subject to a marginal tax rate of 30 percent, what is his after-tax benefit of receiving each of these benefits (ignoring FICA taxes)? (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar.)
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