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6. Employer-Provided Health Insurance. (Obj. 2) Monix Enterprises provides its employees with health insurance coverage. During the year, it pays $7,500 of insurance premiums
6. Employer-Provided Health Insurance. (Obj. 2) Monix Enterprises provides its employees with health insurance coverage. During the year, it pays $7,500 of insurance premiums for each of its employees. Randy is a highly paid employee of Monix. Jon is not one of Monix's highly paid employees. a. Discuss the consequences to Randy and Jon if the plan favors highly paid employees. b. Discuss the consequences to Randy and Jon if the plan does not favor key or highly paid br employees. to nosos de bos binge to my bovisoon be bas 000 $12 7. Fringe Benefits. (Obj. 2) A retailer gives a 20% discount to its full-time employees; key employees are entitled to a 30% discount. The retailer's gross profit percentage on the goods it sells is 35%. During the year, two full-time employees, Fritz and Tad, each buy goods that sell for $2,000. Fritz is a key employee; Tad is not. Discuss the tax consequences to Fritz and Tad of the discounts they each received during the year. (2.do) bng lagianing a 00012 anilor mol bae nois blodsund Jo agnivs2. 2258 hol nolzulax3 or 1505 gnitub -lo-auo vagabond pl sde xes adi ganub nabuma san-Huds grildi bod bins moon mal qmo) 005,082 Till
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