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In the current year, JIll, age 35, recesved a job offer with two alternaive compensation packages to choose from. The first package offers her $90,000 annual salary with no qualified fringe benefits and requires her to pay $3,500 a year for parking and to purchase life Insurance at a cost of $1000. The second package offers $80.000 annual salary, employer-provided health Insurance, annual free parking (worth $315 per month), $200,000 of life Insurance (purchasing on her own would have been $1000 annually), and free flight benefits she estimates that it will save her S5 000 per year) if Jill chooses the first package, she will purchase the heath and te insurance benefits herself at a cost of $5.000 and $1.000 respectively, annually after taxes and spend another $5.000 in flights while traveling. Assume her marginal tax rate is 32 percent (Use Exhibit 2-08) Required: a1. Which compensation package should she choose? a2. How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative package? package offers $100.000 salary with no qualified benefits instead of $90,000 salary and the other benefits and costs are the same. Which compensation package should she choose? b2. How much would she benefit in after-tax dollars by choosing this package? 3 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Req bi Req b2 Req a1 How much would she benefit in after-tax dolars by choosing this compensation package instead of the alternative (Round youtinemiac omputabions to she inlmn a,021 K Reg at Reg bs

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