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JDD Corporation provides the following benefits to its employee, Ahmed (age 53): Salary $ 300,000 Health insurance 11,100 Dental insurance 3,300 Life insurance 4,800 Dependent
| JDD Corporation provides the following benefits to its employee, Ahmed (age 53): |
| Salary | $ | 300,000 | |
| Health insurance | 11,100 | ||
| Dental insurance | 3,300 | ||
| Life insurance | 4,800 | ||
| Dependent care | 4,300 | ||
| Professional dues | 1,250 | ||
| Personal use of company jet | 284,000 | ||
| Assume the life insurance is a group-term life insurance policy that provides $200,000 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)? (Round your answers to the nearest whole dollar.) |
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