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JDD Corporation provides the following benefits to its employee, Ahmed (age 26): Salary Health insurance Dental insurance Life insurance Dependent care Professional dues Personal use
JDD Corporation provides the following benefits to its employee, Ahmed (age 26): Salary Health insurance Dental insurance Life insurance Dependent care Professional dues Personal use of company jet $323,008 12, 500 3,9e0 5,400 4,400 1,380 278,900 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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