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XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Which of the following would be the appropriate tax consequence?
Options
A) Premiums are paid with tax credits
B) Benefits are partially taxable
C) Benefits are fully taxable
D) Premiums are paid with after-tax dollars
Answer: C) Benefits are fully taxable
The above question XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Which of the following would be the appropriate tax consequence?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
