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Which of the following employee benefits has the greater value? (Assume a 33 percent tax rate.) (a) A nontaxable pension contribution of $6,900 or the

Which of the following employee benefits has the greater value? (Assume a 33 percent tax rate.)

(a)
A nontaxable pension contribution of $6,900 or the use of a company car with a taxable value of $10,400.

Pension contribution

Company car

(b)
A life insurance policy with a taxable value of $530 or a nontaxable increase in health insurance coverage valued at $340.

Health insurance

Life insurance

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