Vida Grupal y AnualidadesPregunta 685 de 716
Under federal tax rules, employer-paid group term life premiums are tax-free to the employee only up to ________ of coverage; the cost of coverage above that is taxable income to the employee:
a.$10,000
b.$100,000
c.$250,000
d.$50,000
Explicación
The first $50,000 of employer-provided group term life is a tax-free benefit; the imputed cost of coverage above $50,000 is taxable income to the employee. The other amounts are incorrect thresholds.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)