JDD Corporation provides the following benefits to its employee, Ahmed (age 41): The life insurance is a group-term life
Posted: Sun Apr 17, 2022 7:06 pm
JDD Corporation provides the following benefits to its
employee, Ahmed (age 41):
The life insurance is a group-term life insurance policy that
provides $271,000 of coverage for Ahmed. Assuming Ahmed is subject
to a marginal tax rate of 32 percent, what is his after-tax benefit
of receiving each of these benefits? (Use EXHIBIT 12-8.)
EXHIBIT 12-8 Uniform Premiums for $1,000 of Group-Term
Life Insurance Protection
Table Summary: Chart shows cost per $1,000 of life insurance
protection for one month per 5-year age bracket.
Source: Reg. ยง1.79-3(d)(2).
employee, Ahmed (age 41):
The life insurance is a group-term life insurance policy that
provides $271,000 of coverage for Ahmed. Assuming Ahmed is subject
to a marginal tax rate of 32 percent, what is his after-tax benefit
of receiving each of these benefits? (Use EXHIBIT 12-8.)
EXHIBIT 12-8 Uniform Premiums for $1,000 of Group-Term
Life Insurance Protection
Table Summary: Chart shows cost per $1,000 of life insurance
protection for one month per 5-year age bracket.
Source: Reg. ยง1.79-3(d)(2).