42. JDD Corporation provides the following to its employee, Ahmed (age 47): Salary $300,000 Health insurance 10,000

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42. JDD Corporation provides the following to its employee, Ahmed (age 47):

Salary $300,000 Health insurance 10,000 Dental insurance 2,000 Life insurance 3,000 Dependent care 5,000 Professional dues 500 Personal use of company jet 200,000 The life insurance is a group-term life insurance policy that provides $200,000 of coverage for Ahmed. Assuming Ahmed is subject to a marginal tax rate of 32 percent, what is his after-tax benefit of receiving each of these benefits?

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Taxation Of Individuals And Business Entities 2020

ISBN: 9781259969614

11th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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