Calculate macy monthly taxable benefit

Assignment Help Accounting Basics

Reference no: EM132781226

Macy's life insurance coverage through her employer's group plan is 2 times her annual salary of $33,000.00. Her employer pays the insurer 100% of the cost of her life insurance coverage at a premium rate of $2.00 per $1,000.00 of coverage per month.

Problem 1: Calculate Macy's monthly taxable benefit.

Select one:

Option 1: $132.00
Option 2: $66.00
Option 3: $198.00
Option 4: Coverage is not a taxable benefit

Reference no: EM132781226

Questions Cloud

Calculate the bi-weekly parking taxable benefit : Calculate the bi-weekly parking taxable benefit for the employees. Square One Invitations has its head office in downtown Regina, Saskatchewan.

What are the key traits that define creativity : What are the key traits that define creativity? Answer in 2-3 finished sentences. Do you think artists have innate ability or acquired skill (or both)?

Rules for voting at the constitutional convention : What were the rules for voting at the Constitutional Convention? Which rules made it possible for the compromise to occur?

Compare and contrast lobbying and activism : Compare and contrast lobbying and activism (via social movements). What are the differences between the organizations and activities

Calculate macy monthly taxable benefit : Calculate Macy's monthly taxable benefit. Macy's life insurance coverage through her employer's group plan is 2 times her annual salary of $33,000.00.

List the first three slave laws out of the virginia colony : List the first three 'slave laws' out of the Virginia colony. What colony and what group in that colony were the first to proclaim that slavery was wrong and.

What is an interest group : What is an interest group? What is a political party? And what's the difference?

What are the peculiarities of philippine politics : What are the peculiarities of Philippine politics with other Southeast Asian countries?

Define a policy problem : Define a policy problem and mention possible evidence and sources from which you can assemble this evidence.

Reviews

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages