Khuyết tật & Chăm sóc dài hạnCâu 647 / 716
Business overhead expense benefits are generally ________, and the premiums are generally ________:
a.received completely tax-free, while the premiums are also fully deductible as an ordinary business expense
b.taxable, because they reimburse deductible expenses; deductible as a business expense
c.taxable; not deductible
d.tax-free; not deductible
Giải thích
BOE premiums are deductible as a business expense, and because they fund deductible overhead, the benefits received are taxable. This mirrors the general rule that deducted premiums lead to taxable benefits.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- When an individual pays disability income premiums with after-tax dollars, the benefits received are:
- If an employer pays the disability income premiums and does not include them in the employee's income, the disability benefits the employee later receives are:
- Business overhead expense (BOE) insurance is designed to:
- Key person disability insurance is owned by and pays benefits to:
- A disability buy-sell policy provides funds to:
- A Social Insurance Supplement (SIS) rider on a disability policy pays benefits when the insured is:
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Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)