Ask Question
14 February, 16:10

The premiums paid by the employer in a business life insurance policy are

+2
Answers (1)
  1. 14 February, 16:21
    0
    A life or health insurance policy is owned by an employee, but the premiums are paid by the employer: o The premiums are treated as taxable income to the employee. o The employer may deduct the premiums against business income as long as the premiums are a reasonable business expense.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The premiums paid by the employer in a business life insurance policy are ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers