Question: THE LAST PERSON TO ANSWER THIS QUESTION GOT IT WRONG. THEY ANSWERED: SALARY AND PERSON JET ARE CORRECT JDD Corporation provides the following benefits to

 THE LAST PERSON TO ANSWER THIS QUESTION GOT IT WRONG. THEY

ANSWERED: SALARY AND PERSON JET ARE CORRECT JDD Corporation provides the following

THE LAST PERSON TO ANSWER THIS QUESTION GOT IT WRONG.

THEY ANSWERED: SALARY AND PERSON JET ARE CORRECT

benefits to its employee, Ahmed (age 49): Salary 312,000 Health insurance 14,700

JDD Corporation provides the following benefits to its employee, Ahmed (age 49): Salary 312,000 Health insurance 14,700 3,600 Dental insurance Life insurance 3.600 Dependent care 3.800 Professional dues 200 Personal use of company jet 240,000 Assume the life insurance is a group-term life insurance policy that provides $267,000 of coverage for Ahmed. (Use EXHIBIT 12-10) a. Assuming Ahmed is subject to a marginal tax rate of 30 percent, what is his after-tax benefit of receiving each of these benefits (ignoring FICA taxes)? (Round your answers to the nearest whole dollar.) Description Amount Taxable benefits Taxable total Marginal tax rate Income tax on benefits After-tax benefit oftaxable items Nontaxable benefits Nontaxable total After-tax benefit of salary and benefits

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