Xử lý thuếCâu 715 / 716
In an executive bonus (Section 162) plan, the employer:
a.Owns the life insurance policy outright and names itself as the beneficiary, while the executive simply agrees to be the insured person
b.Pays a bonus, deductible to the employer and taxable to the executive, that the executive uses to pay premiums on a policy they own
c.Provides no real benefit to the executive
d.Cannot deduct any part of the arrangement
Giải thích
In a Section 162 executive bonus plan, the employer pays a deductible bonus (taxable to the executive) and the executive owns the policy and pays its premiums. The employer does not own the policy.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- Premiums paid for personal life insurance are:
- The cash value inside a permanent life insurance policy grows:
- Life insurance proceeds may be pulled into the insured's taxable estate if, at death, the insured held:
- Required minimum distributions (RMDs) generally force the owner of a traditional qualified plan to begin taking taxable distributions:
- Premiums a business pays for key person life insurance are:
- A split-dollar life insurance arrangement is:
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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)