1. Indicate if this statement is true or false: The $1,000,000 wage limit on covered employees for publicly traded companies applies only to the CEO, CFO, and three other highest paid officers.

2. Indicate if this statement is true or false: The Form W-4 can only be adjusted at the beginning of the year or start of employment.

3. Indicate if this statement is true or false: Group-term life insurance with $100,000 of coverage qualifies as a nontaxable fringe benefit.