Which of the following is correct about the taxation of group health benefits?

Which of the following is correct about the taxation of group health benefits?



a. The portion of disability for which the employee pays premium is not subject to income tax.

b. Benefits received for group hospital or medical usually are subject to income tax.

c. Employers can deduct the full contributory cost of premiums from taxes.

d. Benefits received for group disability benefits are always subject to income tax.



Answer: A

Comments

Popular posts from this blog

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?