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11. Which of the following is not true about health insurance? a. The amount of premium paid by the employer is reported and taxed to

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11. Which of the following is not true about health insurance? a. The amount of premium paid by the employer is reported and taxed to the employee. b. Many taxpayers are covered by health insurance plans. c. Payments made by the insurance company to medical providers are not taxable to the employee. d. Payments made by the employee to medical providers may be tax deductible to the employee. 12. Which of the following is not a special account to which an employee can contribute to in a Flexible Spending plan? a. Health care b. Dependent care c. Transcendental meditation and fusion cooking d. Public transportation, parking at work and bicycle commuting 13. Prizes are not taxable in which of the following situations? a. Employment service or safety prizes less than $400 b. Prizes won on television, radio or internet shows less than $400 c. Lottery winnings d. Cars and vacations 14. Which of the following is NOT an income tax filing status? a. Married filing jointly b. Single c. Divorced d. Qualifying widow(er) with dependent child 15. Which is of the following is not true about ordinary and qualified stockholders' dividends? a. They are an example of double taxation b. They are taxed as ordinary income c. They are the most common type of corporate distribution d. They are paid from the earnings of the corporation

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