The uvw union and hon corporation are negotiating contract terms. assume that the union members are in the 24% marginal tax bracket and that all benefits are provided on a nondiscriminatory basis. complete the letter to the uvw union members explaining the tax consequences of the options listed below. a. the company would eliminate the $250 deductible on medical insurance benefits. most employees incur more than $250 each year in medical expenses. (assume that the employees would not be able to deduct the insurance expenses as a medical expense because of the percent of agi floor.) b. employees would 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 family coverage) would be allowed to receive the cash value of the coverage.