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Which if the following is true about disability income insurance and taxation? a. Premiums are generally not deductible, but benefit payments are exempt from income
Which if the following is true about disability income insurance and taxation?
a. Premiums are generally not deductible, but benefit payments are exempt from income tax
b. Both premiums and benefit payments are exempt from income tax
c. Premiums are exempt from income tax, but benefit payments are not deductible
d. Neither premiums nor benefit payments are exempt from income tax
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