Finance

You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy. The medical policy costs $300 per month. Your tax rate is 25%. Considering financial factors only, should you take the cash or the medical policy?

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asked by Tammy
  1. 4000 * .75 = 3000 I actually got
    medical policy costs 12*300 = 3600
    so take the free medical policy

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    posted by Damon
  2. Thank you.

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    posted by Tammy

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