Sally Ann is in a 38% marginal tax bracket. Her current employer pays $2,400 per year for
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Sally Ann is in a 38% marginal tax bracket. Her current employer pays $2,400 per year for a private group health insurance plan. If she were to buy the same insurance herself, she would have to pay $5,800 for an equivalent plan. Sally Ann is considering a job offer from a new employer who does not provide health insurance. How much additional salary should Sally Ann request to ensure she can maintain the same health insurance at no additional cost to her? Be sure to show your calculations.
Related Book For
Concepts in Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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