Problem 12-40 (LO 12-3) (static)

Sao Required information Problem 12.40 (LO 12-3) (Static) [The following information applies to the questions displayed below) Lars Osberg, a single taxpayer with a 35 percent marginal tax rate, desires health insurance Volvo, his employer has a 21 percent marginal tax rate. The health insurance will cost Lars $8.500 to purchase the pays for it himself through the health exchange (Lars's AGl is too high to receive any tax deduction for the insurance as a medical expense) Answer the following questions about this benefit (Do not round Intermediate computations. Round your final newer to the nearest whole dollar amount.) Problem 12.40 Part a (Static) a. What is the maximum amount of before-tax salary Lars would give up to receive health insurance from Volvo? Before tax salary Required information Problem 12.40 (LO 12-3) (Static) The following information applies to the questions displayed below! Lars Osberg, a single taxpayer with a 35 percent marginal tax rate desires health insurance Volvo his employer has a 21 percent marginal tax rate. The health insurance will cost Lars $6,500 to purchase the pays for himself through the health exchange (Lars's AG is too high to receive any tax deduction for the insurance as a medical expenses. Answer the following questions about this benefit (Do not Yound intermediate computations. Round your final answer to the nearest whole dollar amount.) Problem 12-40 Part b (Static) b. What would be the after tax cost to Volvo to provide Lars with health insurance it could purchase the insurance through its group plan for $5,000? Alor tax cost Required information Problem 12.40 (LO 12-3) (Static) [The following information applies to the questions displayed below) Lars Osberg, a single taxpayer with a 35 percent marginal tax rate, desires health insurance Volvo, employer has a 21 percent marginal tax rate. The health insurance contas S8 500 10 purchase the pays for the ugly the health exchange (Lars's AG is too high to receive any tax deduction for the insurance as a medical expensel Answer the following questions about this benefit. (Do not round Intermediate computations. Round your final answer to the nearest whole dollar amount) Problem 12-40 Part (Static) c. Assume that Volvo could purchase the insurance for 55.000 Cars is interested in getting health insurance and he is weg to receive a lower salary in exchange for the health insurance What is the least amount by which Volvo would be willing to reduce Lars's salary while agreeing to pay his health insurance Least amount reduced