Bill Mason is considering two job offers. Job 1 pays a salary of $36,500 with $4,500 of nontaxable employee benefits. Job 2 pays a salary of $34,700 and $6,120 of nontaxable benefits. Which position would have the higher monetary value? Use a 28 percent tax rate.

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter15: Taxing Business Income
Section: Chapter Questions
Problem 33P
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Provide correct answer general Accounting

Bill Mason is considering two job offers. Job
1 pays a salary of $36,500 with $4,500 of
nontaxable employee benefits. Job 2 pays a
salary of $34,700 and $6,120 of nontaxable
benefits. Which position would have the
higher monetary value? Use a 28 percent tax
rate.
Transcribed Image Text:Bill Mason is considering two job offers. Job 1 pays a salary of $36,500 with $4,500 of nontaxable employee benefits. Job 2 pays a salary of $34,700 and $6,120 of nontaxable benefits. Which position would have the higher monetary value? Use a 28 percent tax rate.
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