JDD Corporation provides the following benefits to its employee. Ahmed (age 27) Salary Health insurance...
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JDD Corporation provides the following benefits to its employee. Ahmed (age 27) Salary Health insurance Dental insurance Life insurance Dependent care Professional dues Personal use of company jet 246,000 $383,000 19,200 2,100 5,400 5,000 1,410 Assume the life insurance is a group-term life insurance policy that provides $256,000 of coverage for Ahmed. (Use EXHIBIT 12-8) Assuming Ahmed is subject to a marginal tax rate of 32 percent, what is his after-tax benefit of recelving each of these benefits (ignoring FICA taxes)? (Enter all amounts as positive values. Round your intermediate computations and final answers to the neerest whole dollar.) Taxable benefits Taxable total Marginal tax rate Income tax on benefits After-tax benefit of taxable items Nontaxable benefits
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