An employee who did not need health insurancebecause the

Assignment Help Accounting Basics

Reference no: EM13614966

The UVW union and HON Corporation are negotiationcontract terms. Assume the union members are in the 28% marginaltax bracket and all benefits are provided on a nondiscriminatorybasis. Write a letter to the UVW Union members explaining the taxconsequences of the options discussed below. The union'saddress is 905 Spruce Street, Washington, D.C. 20227.

a. The company would impose a $100 deductible on medicalinsurance benefits. Most employees incur more than $100 each yearin medical expenses.

b. Employees wold get an additional paid holiday with the same annual income (the same pay but less work).

c. An employee who did not need health insurance(because the employee's spouse works and receives familycoverage) would be allowed to receive the cash value of thecoverage.

Reference no: EM13614966

Questions Cloud

What is the probability that the return is between 4 : use the information below for the following four questions. the return on a corporate bond is distributed as a uniform

Does anyone know why the interest coverage ratio for abank : does anyone know why the interest coverage ratio for abank would be so low? i am getting results ofabout 1.3 times

A student club has 40 members including stacy and tom a in : a student club has 40 members including stacy and tom.a in how many ways can the club elect different individuals to

What tax advantage does a series ee us government savings : what tax advantage does a series ee u.s. government savings bond due in three years have over a bank cd due in three

An employee who did not need health insurancebecause the : the uvw union and hon corporation are negotiationcontract terms. assume the union members are in the 28 marginaltax

Prepareany adjusting entries necessary on june 30 in order : on june 1the muntley company borrows 40000 from the bank by signing a180-day 6 interest-bearing

Four point charges each having a charge with a magnitude of : four point charges each having a charge with a magnitude of 1.5 microc are at the corners of a square whose sides are 6

The 2004 income statement for mcdonalds corporation shows : the 2004 income statement for mcdonalds corporation shows cost ofgoods sold 4852.7 million and operating expenses

Let x denote the length in minutes of a long-distance : let x denote the length in minutes of a long-distance telephone conversation. assume that the density for x is given

User Account

All Pages