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Benny earns $200,000 per year as a tax accountant. His accounting firm provides all their employees with a non-taxable disability benefit. If Benny were to
Benny earns $200,000 per year as a tax accountant. His accounting firm provides all their employees with a non-taxable disability benefit. If Benny were to become disabled and begins to collect the company disability benefit, which of the following statements is true? Question 37 options: Benny does not need to include the insurance premium paid by his employer as a taxable benefit on his income tax returns Benny would be taxed on any disability benefit he receives should he become disabled Benny needs to include the insurance premium paid by his employer as a taxable benefit on his income tax returns. Benny's maximum benefit would be based on his after-tax income
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