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Which of the following statements is true as it relates to the taxation of contributory group insurance plans? a) Employers contributions are not tax deductible
Which of the following statements is true as it relates to the taxation of contributory group insurance plans? a) Employers contributions are not tax deductible for the employer b) Employers contributions are a taxable benefit to the employee to the extent of the employers contribution c) Employers contributions are not a taxable benefit to the employee Benefits are taxed in the hands of the employee only after the plan has vested
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