Which employee benefits has the greater value

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Reference no: EM132822524

Problem 1: "Comparing Taxes for Employee Benefits. Which of the following employee benefits has the greater value? Use the formula given in the Financial Literacy Calculations feature to compare these benefits. (Assume a 28 percent tax rate.)

a. A nontaxable pension contribution of $4,300 or the use of a company car with a taxable value of $6,325.

b. A life insurance policy with a taxable value of $450 or a nontaxable increase in health insurance coverage valued at $340."

Reference no: EM132822524

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