Tony's has a marginal income tax rate of 24% and pays FICA tax on all...

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Accounting

Tony's has a marginal income tax rate of 24% and pays FICA tax on all salary ). Tony's employer offered a choice between $5,000 additional salary or a nontaxable fringe benefit that would cost $3,600 if Tony purchased the benefit directly. Which of the following statements is true (answers rounded to the nearest whole dollar)?
Multiple Choice
The fringe benefit and the additional salary have the same after-tax value.
The fringe benefit is worth $183 more than the additional salary.
The additional salary is worth $1,600 more than the fringe benefit
None of these choices are true.
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