Which of the following employee benefits has the greater value? Use the formula given in the Financial
Question:
a. A nontaxable pension contribution of $4,300 or the use of a company car with a taxable value of $6,325.
b. A life insurance policy with a taxable value of $450 or a nontaxable increase in health insurance coverage valued at $340.
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a 4300 divided by 72 equals a taxequivalent value of 597222 which ...View the full answer
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Mehwish Aziz
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Related Book For 
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
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