25. Which of the following statements concerning the income tax treatment of some employee benefits is (are) correct? 1. Health insurance premiums paid by an employer are deductible to employees. 2. Health insurance premiums paid by the self-employed are 100% deductible above-the-line. 3. Health insurance premiums paid by an employer are a miscellaneous deduction for a 5% S corporation shareholder 4. Insurance premiums paid by an employer on a group life policy are taxable income to employees for coverage over $50,000. 1 only. 4 only. 1 and 3 2 and 4