In an employer-sponsored contributory group Disability Income plan, the employer pays 60% of the premium and each employee pays 40% of the premium. Any income benefits paid are taxed to the employee at
In an employer-sponsored contributory group Disability Income plan, the employer pays 60% of the premium and each employee pays 40% of the premium. Any income benefits paid are taxed to the employee at
A) Employee has no tax liability
B) 40% of the benefit
C) 60% of the benefit
D) 100% of benefit
Answer: C) 60% of the benefit