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Naya [18.7K]
3 years ago
7

Wilbur has been offered a job at a salary that would put him in the 24% marginal tax bracket. In addition to his salary, he woul

d receive health insurance coverage. Another potential employer does not offer health insurance but has agreed to match the first offer on an after-tax and insurance basis. The cost of health insurance comparable to that provided by the other potential employer is $9,000 per year. Round your answer to the nearest dollar. Wilbur will not be able to deduct the insurance as a medical expense because of the adjusted gross income floor and/or the standard deduction. How much more in salary must the second potential employer pay so that Wilbur's financial status will be the same under both offers? $ 9,000
Business
1 answer:
sveticcg [70]3 years ago
6 0

Answer:

The cash flow saving will be of $1,274 considering the taxeslanation:

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