Cash instead of health insurance coverage

Assignment Help Business Economics
Reference no: EM13868709

1. Suppose that your employer offered you $4,000 in cash instead of health insurance coverage. Health insurance is excluded from state income taxes and federal income taxes. (To keep the problem simple, we will ignore Social Security and Medicare taxes.) The cash would be subject to state income taxes (8 percent) and federal income taxes (28 percent). How much would your after-tax income go up if you took the cash rather than the insurance?

2. How different would this calculation look for a worker who earned $500,000 and lived in Vermont? This worker would face a state income tax rate of 9.5 percent and a federal income tax rate of 35 percent.

Reference no: EM13868709

Situation analysis of nigeria before and after colonialism

Situation analysis of Nigeria before and after colonialism. Factors to be taken into consideration would be geographical, economical, HDI, GDP, GNI, Education level, Growth

Infinitely repeated cournot duopoly

Infinitely Repeated Cournot Duopoly: Alice and Bob each operate each operate a firm in a quantity setting (Cournot) duopoly game. Let the cost of a unit for Alice and Bob be 6

Calculate national income-what would the GDP per-capita be

Calculate national income. if there were 80 million people in this country, what would the GDP per-capita be? if all prices were to double overnight, what would happen to the

What is the formula for that equation

what is the formula for that equation? Assume you have 5 uneven payments to make and you want to know what you will be paying at 10% per payment (year) on this uneven paymen

About organizational culture

Organizational Culture is “the shared set of beliefs, expectations, values, norms, and work routines that influence how individuals, groups, and teams interact with one anothe

Government increasing regulations to make flying more safe

Explain the economic impacts of increased airline safety. Is it possible for airline travel to be too safe? Why or why not? Would you support the government increasing regulat

Recent strong employment data-options strategy

Suppose that you believe that recent strong employment data (~ 180,000 jobs added in November!) together with the prospect of a tax cut for corporations and wealthy families m

What are the pros and cons of minimum wages law

What are the Pros. And Cons. Of Minimum Wages Law. What is the opinion of criticizers on minimum wages law. Does Minimum Wages law favor the poor. How Minimum Wages laws explo

Reviews

Write a Review

 
Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd