You are offered two jobs upon graduation at the same salaries and with equally attractive workplace environments. The only difference between the two job offers is the benefits package that each one offers. Evaluate the tax implications of each benefits package in Tax Memo format being sure to cite the relevant internal revenue code sections.

Employer 1:

Employer provided health and dental care coveragepremiums of $600 per month paid by employer, 0 out of pocket cost to employee

Employer provided life insurance coverageface value of policy = $120,000, premiums paid by employer

Employer provided health club membershipmembership of $50/month paid by employer

Employee tuition reimbursement for pursuing graduate school--$5,250 annual tuition reimbursement provided by employer

Employer 2:

Employer provided health and dental care coveragepremiums of $300 per month paid by employer, $300 per month out of pocket cost to employee

Employer provided life insurance coverageface value of policy = $50,000, premiums paid by employer

Employer paid parking reimbursement$300/month paid by employer

Employer provided disability coverageall premiums paid by employer

Employer provided computer and printer for use when working remotely from home