Matt works for Rowan University and has an annual income of $60,000. Assume Matt has a combined tax rate of 25%. In addition to salary, Matt receives health insurance, long term disability insurance and life insurance from Rowan.

a.Rowan offers health insurance on a non-contributory basis. The premium is $5,000 per year. What would Matts total yearly income tax liability?

b.Matt decides to put $2,000 into a dependent care flexible spending account. What would be the total yearly income tax liability for Matt now?

c.Rowan also offers long term disability insurance on a non-contributory basis. The premium is $2,000 per year. The long term disability contract promises to pay Matt$42,000 per year should he become disabled. If Matt should become disabled, what would be his total yearly income tax liability?

d.Suppose Rowan offers long-term disability insurance described in (1c) on an employee pay all basis. Suppose Matt paid the entire premium cost of $2,000 per year using a pre-tax salary reduction arrangement. If Matt should become disabled, what would be his total yearly income tax liability?

e.Suppose Rowan offers long-term disability insurance described in (1c) on an employee pay all basis. Suppose Matt paid the entire premium cost of $2,000 per year using an after-tax salary reduction arrangement. If Matt should become disabled, what would be his total yearly income tax liability?

f.Matt also receives group term life insurance (GTLI) from Rowan on a non-contributory basis. The face amount of this GTLI policy is $60,000 and the entire premium cost of $600 per year($10 per $1000 of face amount).What impact will this have on the employees total yearly income tax liability?