Question 14 8 point) Marie works in Toronto She has group life insurance coverage through her employe She pan Sox of the annual premiums for a total of $500 a year. The employer pay the remaining Sox of annual premiums, also for a total of $500 a year. Which statement describes the taxable nature of premiums in this case? a) The employer cannot deduct any of the premiums it has paid. b) The employee can deduct the premiums he or she has paid. * 2 Quut the employee will be taxed on the premiums paid by the employer. Do The employer will be taxed on the premiums paid by the employee