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 108 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?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

China's proposed supercollider plans to be twice the size of the Large Hadron Co China's proposed supercollider plans to be twice the size of the Large Hadron Co
To make an ice pack, place crushed ice in a plastic bag, bleed the air out of it, and seal it. Wrap To make an ice pack, place crushed ice in a plastic bag, bleed the air out of it, and seal it. Wrap
It is important for new employees to know the location of all fire extinguishers. (B) Aim low toward ... It is important for new employees to know the location of all fire extinguishers. (B) Aim low toward ...
Maze-dull rats did not make significantly more errors than maze-bright rats when both groups were ... Maze-dull rats did not make significantly more errors than maze-bright rats when both groups were ...
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 ...
Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he ... Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he ...
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library