Lou's employer provides a qualified cafeteria plan under which he can choose cash of $9,000 or health

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Lou's employer provides a qualified cafeteria plan under which he can choose cash of $9,000 or health and accident insurance premiums worth approximately $7,000. Assuming that Lou is in the 35% tax bracket, advise him of his tax alternatives.

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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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Question Posted: Sep 15, 2017 12:42 PM

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Lou's employer provides a qualified cafeteria plan under which he can choose cash of $9,000 or health

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South Western Federal Taxation Individual Income Taxes 2017

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