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Andrea receives a $60,000 salary, as well as health care and life insurance benefits paid for by his employer. The benefits are valued at $8,000.

Andrea receives a $60,000 salary, as well as health care and life insurance benefits paid for by his employer. The benefits are valued at $8,000. Andrea also contributes 2% of his salary to his defined contribution plan. What are the tax consequence to Andrea? Only the salary is taxable to Andrea The salary and the benefits are taxable to Andrea. The pension contribution will provide Andrea with a tax deduction. A & C. B & C

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