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JDD Corporation provides the following benefits to its employee, Ahmed (age 33): The life insurance is a group-term life insurance policy that provides $218,000 of
JDD Corporation provides the following benefits to its employee, Ahmed (age 33): The life insurance is a group-term life insurance policy that provides $218,000 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. \begin{tabular}{|c|c|} \hline 5-Year Age Bracket & Costper$1,000ofProtectionforOneMonth \\ \hline Under 25 & $0.05 \\ \hline 25 to 29 & .06 \\ \hline 30 to 34 & .08 \\ \hline 35 to 39 & .09 \\ \hline 40 to 44 & .10 \\ \hline 45 to 49 & .15 \\ \hline 50 to 54 & .23 \\ \hline 55 to 59 & .43 \\ \hline 60 to 64 & .66 \\ \hline 65 to 69 & 1.27 \\ \hline 70 and above & 2.06 \\ \hline \end{tabular} Source: Reg. 1.793(d)(2) and also published in IRS Publication 15-B
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