Assuming ahmed is subject to a marginal tax rate of 30


JDD Corporation provides the following benefits to its employee, Ahmed (age 47):

Salary

$300,000

Health insurance

10,000

Dental insurance

2,000

Life insurance

3,000

Dependent care

5,000

Professional dues

500

Personal use of company jet

200,000

Assume the life insurance is a group-term life insurance policy that provides $200,000 of coverage for Ahmed.

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?

 

Request for Solution File

Ask an Expert for Answer!!
Taxation: Assuming ahmed is subject to a marginal tax rate of 30
Reference No:- TGS01205096

Expected delivery within 24 Hours