Ajax Corporation has a group disability income insurance plan covering its employees. Ajax pays % of the premium cost, and the employees pay 1/4. In this situation, which of the following statements concerning the federal income tax aspects of the plan is correct? The employer's share of the premium cost is deductible for the employer. The benefits paid for by the employer are tax-free to the employee. The employee's share of the premium cost is deductible for the employee. The benefits paid for by the employee are taxable to the employee