Multiple Choice
S corporation shareholders who own more than 2% of the outstanding stock are eligible for which of the following tax-free benefits?
A) group term life insurance exclusion under Sec.79 for premiums paid for up to $50,000 coverage
B) exclusion for meals and lodging furnished for the convenience of the employer
C) exclusion from income for premiums paid for accident and health and medical reimbursement plans
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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