which of the following corerctly describes the tax terament of health insurnace premiums paid by a s corporation and purchased in the s corporation's name one behlaf of more than $2\%$ shareholder employees? The health insurnace premiums a are:

$1-$Deducted as wages on form $1120-$s page $1$ and included on the shareholders form w$2$ box$1.$

$2-$ nondeductible to the entity and treated as an ordinary distribution to shareholders

$3-$ deducted as an employee benefit program on form $1120-$s page $-1$ and passed through to shareholders on the form of reduced share of ordinary business income

$4-$ Not reported on form$1120-$s but eligible for the self$-$employed health insurance deduction on the individual shareholder$$s form $1040$