This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under many cafeteria plans, employees make premium contributions with pre-tax dollars and a salary ... (Read 26 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jul 11, 2018
Under many cafeteria plans, employees make premium contributions with pre-tax dollars and a salary reduction that are used to purchase group health insurance or dental insurance. This type of cafeteria plan is called a
 
  A) health reimbursement arrangement plan.
  B) premium conversion plan.
  C) full-choice plan.
  D) flexible spending account plan.

Question 2

Which of the following statements about the tax implications of qualified pension plans is true?
 
  A) Investment income on plan assets is taxable in the year the investment income is earned.
  B) Employer contributions are deductible up to certain limits as an ordinary business expense.
  C) Employer contributions are considered taxable income to employees but are taxed at capital gains rates.
  D) Distributions from qualified pension plans are received tax-free by the retiree.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shayla

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


james0929

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jul 11, 2018
TY


shayla

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jul 11, 2018
Happy to Help


« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another. Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another.
W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ... A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ...
Contributions of various His residues to the Bohr effect in hemoglobin Contributions of various His residues to the Bohr effect in hemoglobin
If we make the substitution z=sqrt(x) to ∫sqrt(1-sqrt(x)) dx, the resulting integral is If we make the substitution z=sqrt(x) to ∫sqrt(1-sqrt(x)) dx, the resulting integral is
Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ... Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ...
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library