55. LO.10 Lous employer provides a qualified cafeteria plan under which he can choose cash of $9,000

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55. LO.10 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 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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