Question
JDD Corporation provides the following benefits to its employee, Ahmed (age 48): Salary $ 326,000 Health insurance 15,000 Dental insurance 2,700 Life insurance 3,900 Dependent
JDD Corporation provides the following benefits to its employee, Ahmed (age 48):
| Salary | $ | 326,000 | |
| Health insurance | 15,000 | ||
| Dental insurance | 2,700 | ||
| Life insurance | 3,900 | ||
| Dependent care | 4,700 | ||
| Professional dues | 1,460 | ||
| Personal use of company jet | 279,000 | ||
|
| |||
Assume the life insurance is a group-term life insurance policy that provides $288,000 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)
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Auditing Business Continuity Global Best Practices
Authors: Rolf Von Roessing
1st Edition
1931332150, 978-1931332156
