Question
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. | ||
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| (b) | A life insurance policy with a taxable value of $530 or a nontaxable increase in health insurance coverage valued at $340. | ||
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
