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Author Question: Under many cafeteria plans, employees make premium contributions with pre-tax dollars and a salary ... (Read 109 times)

james0929

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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.


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shayla

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


james0929

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Reply #2 on: Jul 11, 2018
TY


shayla

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Reply #3 on: Jul 11, 2018
Happy to Help


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