Question: Please just answer the wrong questions. Problem 12-42 (LO 12-1, LO 12-3) (Algo) JDD Corporation provides the following benefits to its employee, Ahmed (age 52):

Please just answer the wrong questions. Problem 12-42 (LO 12-1, LO 12-3)(Algo) JDD Corporation provides the following benefits to its employee, Ahmed (age52): Salary Health insurance Dental insurance Life insurance Dependent care Professional duesPlease just answer the wrong questions.

Problem 12-42 (LO 12-1, LO 12-3) (Algo) JDD Corporation provides the following benefits to its employee, Ahmed (age 52): Salary Health insurance Dental insurance Life insurance Dependent care Professional dues Personal use of company jet $ 331,000 16,300 2,400 3,900 3,900 1,300 229,000 The life insurance is a group-term life insurance policy that provides $249,000 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? (Use EXHIBIT 12-8.) (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar.) X Answer is complete but not entirely correct. Description Amount Taxable benefits $ 331,000 Salary Personal use of company jet Life insurance (taxable portion) 229,000 3,351 Description Amount Taxable benefits $ 331,000 Salary Personal use of company jet Life insurance (taxable portion) 229,000 3,351 X Taxable total Marginal tax rate $ 563,351 32 % $ 180,272 X $ 383,079 Income tax on benefits After-tax benefit of taxable items Nontaxable benefits Health insurance $ 16,300 Dental insurance 2,400 Life insurance (nontaxable portion) 549 Dependent care 3,900 Professional dues 1,300 $ 24,449 Nontaxable total After-tax benefit of salary and benefits $ 407,528 EXHIBIT 128 Uniform Premiums for $1,000 of Group-Term Life Insurance Protection Table Summary: Chart shows cost per $1,000 of life insurance protection for one month per 5-year age bracket. 5-Year Age Bracket Cost per $1,000 of Protection for One Month Under 25 $0.05 25 to 29 .06 30 to 34 .08 35 to 39 .09 40 to 44 .10 45 to 49 .15 50 to 54 .23 55 to 59 .43 60 to 64 .66 65 to 69 1.27 2.06 70 and above Source: Reg. $1.793(d)(2)

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