Jim is employed by a furniture manufacturer. He is the office manager and has been with the company for 10 years. His company is now sponsoring a group insurance plan for the employees. Factory floor employees will qualify for one times their full salary and managerial staff will qualify for two times their salary. Jim's employer will pay the full amount of the premiums. Which statement is correct with regards to the tax treatment of the premiums paid by the employer? Select one: a. Any premiums paid by the employee are deductible either to the employee or the employer. b. The employer can deduct a portion of these premiums as a business expense and the remaining portion can be deducted by the employee. c. If the employer pays some or all the premiums for a group life insurance plan, those premiums are considered to be a taxable benefit for the employee. d. Any premiums paid by the employee are deductible either to the employee or the employer