Answered

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H has a group major medical coverage through his employer. H's premiums paid are:______

Sagot :

Anthougoidn

Answer:

H has a group major medical coverage through his employer. H's premiums paid are:______

non-taxable.

Explanation:

The premiums paid by H's employer on behalf of H are non-taxable employee benefits.  They are also not taxable to H's employer as long as the amount is considered a reasonable business expense. According to the IRS, health insurance plans are not subject to Social Security, Medicare, and FUTA taxes, or federal income tax withholding.

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