Question
JDD Corporation provides the following benefits to its employee, Ahmed (age 49): Salary $ 366,000 Health insurance 17,400 Dental insurance 4,500 Life insurance 3,600 Dependent
JDD Corporation provides the following benefits to its employee, Ahmed (age 49):
| Salary | $ | 366,000 | |
| Health insurance | 17,400 | ||
| Dental insurance | 4,500 | ||
| Life insurance | 3,600 | ||
| Dependent care | 4,000 | ||
| Professional dues | 1,070 | ||
| Personal use of company jet | 270,000 | ||
|
| |||
Assume the life insurance is a group-term life insurance policy that provides $244,000 of coverage for Ahmed. (Use EXHIBIT 12-8.) Assuming Ahmed is subject to a marginal tax rate of 32 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.)
JDD Corporation provides the following benefits to its employee, Ahmed (age 49):
| Salary | $ | 366,000 | |
| Health insurance | 17,400 | ||
| Dental insurance | 4,500 | ||
| Life insurance | 3,600 | ||
| Dependent care | 4,000 | ||
| Professional dues | 1,070 | ||
| Personal use of company jet | 270,000 | ||
|
| |||
Assume the life insurance is a group-term life insurance policy that provides $244,000 of coverage for Ahmed. (Use EXHIBIT 12-8.) Assuming Ahmed is subject to a marginal tax rate of 32 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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Linear Algebra A Modern Introduction
Authors: David Poole
3rd edition
978-0538735452
