Craig has an income of $100,000 per year before tax, and $80,000 after tax. Accounting for taxes,
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Craig has an income of $100,000 per year before tax, and $80,000 after tax. Accounting for taxes, and using the replacement of income approach, how much life insurance does Craig need? Assume an investment return of 4% and an average tax rate of 20%.
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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