Suppose that your employer offered you 4,000 in cash instead of health insurance coverage. Health…


Suppose that your master offered you 4,000 in money instead of vigor protection coverage. Vigor protection is enclosing from state pay taxes and federal pay taxes. (To haunt the bearing artless, we will ignore Social Security and Medicare taxes.) The money would be theme to state pay taxes (8%) and federal pay taxes (28%). How abundantly would your after-tax pay go up if you took the money rather than the protection?