Required informationGrace's employer is now offering

group$-$term life insurance. The

company will provide each employee

with $$130,000$ of group$-$term life

insurance. It costs Grace's employer

$$710$ to provide this amount of

insurance to Grace each year.

Assuming that Grace is $52$ years old,

use the table provided above to

determine the monthly premium that

Grace must include in income as a

result of receiving the group$-$term life

benefit.

Uniform Premiums for $$1,000$ of

Group$-$Term Life Insurance

Protection:

$[$The following

information applies to

the questions displayed

below.$]$

Nicole's employer, Poe

Corporation, provides

her with an automobile

allowance of $$50,000$

every other year. Her

marginal tax rate is $32$

percent. Answer the

following questions

relating to this fringe

benefit.

a$.$ What is Nicole's after$-$tax benefit if

she receives the allowance this year?