Pomeroy Corporation has a company health-care plan for all employees. Albert, an employee, owns 15% of the stock. Philip, also an employee, owns 1% of the stock. The cost to the company of Albert's health plan is $3,000 and Philip's is $2,100. What amount of the health plan must Albert and Philip report as income?
?
$\begin{array}{llcc}
\text { Albert} & \text { Philip } \
\end{array}$

Question

Pomeroy Corporation has a company health-care plan for all employees. Albert, an employee, owns 15% of the stock. Philip, also an employee, owns 1% of the stock. The cost to the company of Albert's health plan is $3,000 and Philip's is $2,100. What amount of the health plan must Albert and Philip report as income?
?
$\begin{array}{llcc}
  \text {  Albert} &  \text {  Philip } \
\end{array}$

Quizplus · Accepted Answer

The Answer of Pomeroy Corporation has a company health-care plan for all employees. Albert, an employee, owns 15% of the stock. Philip, also an employee, owns 1% of the stock. The cost to the company of Albert's health plan is $3,000 and Philip's is $2,100. What amount of the health plan must Albert and Philip report as income?
?
$\begin{array}{llcc}
  \text {  Albert} &  \text {  Philip } \
\end{array}$

Pomeroy Corporation Has a Company Health-Care Plan for All Employees Albert Philip \begin{array}{llcc} \text { Albert} & \text { Philip } \\\end{array} Albert​ Philip ​

Pomeroy Corporation Has a Company Health-Care Plan for All Employees $\begin{array}{llcc} \text { Albert} & \text { Philip } \\\end{array}$