B Calculator Which of the following statements is CORRECT about the federal income tax law...
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B Calculator Which of the following statements is CORRECT about the federal income tax law in relation to $100,000 worth of group Term Life insurance coverage through an employer-sponsored plan? O A. Employees must not pay tax on premiums paid by an employer. Employees must pay tax on the premiums for the first $50,000 of group Term Life coverage. An employer can deduct a premium for tax purposes only if the employer is also the beneficiary of the insurance. Death benefits are income tax free to named beneficiaries. OB. O C. O D. E + Access Code 495-594-052
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