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JDD Corporation provides the following benefits to its employee, Ahmed (age 47): Salary $ 311,000 Health insurance 13,600 Dental insurance 2,400 Life insurance 3,600 Dependent

JDD Corporation provides the following benefits to its employee, Ahmed (age 47): Salary $ 311,000 Health insurance 13,600 Dental insurance 2,400 Life insurance 3,600 Dependent care 4,500 Professional dues 960 Personal use of company jet 233,000 The life insurance is a group-term life insurance policy that provides $225,000 of coverage for Ahmed. Assuming Ahmed is subject to a marginal tax rate of 32 percent, what is his after-tax benefit of receiving each of these benefits? (Use EXHIBIT 12-8.) Note: Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar.

Answer is complete but not entirely correct.

Description Amount
Taxable benefits
Salaryselected answer correct $311,000selected answer correct
Personal use of company jetselected answer correct 233,000selected answer correct
Life insurance (taxable portion)selected answer correct 405selected answer incorrect
not attempted not attempted
not attempted not attempted
not attempted not attempted
Taxable total $544,405
Marginal tax rate 30selected answer incorrect %
Income tax on benefits $163,281selected answer incorrect
After-tax benefit of taxable items $380,989selected answer incorrect
Nontaxable benefits
Professional duesselected answer correct $960selected answer correct
Life insurance (nontaxable portion)selected answer correct 3,330selected answer incorrect
Health insuranceselected answer correct 13,600selected answer correct
Dependent careselected answer correct 4,500selected answer correct
Dental insuranceselected answer correct 2,400selected answer correct
not attempted not attempted
not attempted not attempted
Nontaxable total $24,790
After-tax benefit of salary and benefits $405,779

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