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Lars Osberg, a single taxpayer with a 35 percent marginal tax rate, desires health insurance. The health insurance will cost Lars $8,500 to purchase if

Lars Osberg, a single taxpayer with a 35 percent marginal tax rate, desires health insurance. The health insurance will cost Lars $8,500 to purchase if he pays for it himself through the health exchange (Larss AGI is too high to receive any tax deduction for the insurance as a medical expense). Answer the following questions about this benefit. (Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.)

b. What would be the after-tax cost to Volvo to provide Lars with health insurance if it could purchase the insurance through its group plan for $5,000?

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