Which of the following actions are ways a person can get a tax deduction for health care?(I)itemize deductions(II)have medical expenses that exceed the floor for medical expense deductions(III)get a dollar-for-dollar credit on Form 1040(IV)get a first-dollar 100% reimbursement on Form 1040
Category: Uncategorized
The employer must prepare a summary plan description to meet…
The employer must prepare a summary plan description to meet ERISA requirements. The employer can also use a summary plan description to
In a tax deferred annuity plan, salary reductions, but not e…
In a tax deferred annuity plan, salary reductions, but not employer contributions, are generally subject to FICA and FUTA payroll taxes.
The amount of employer-guaranteed investment earnings that i…
The amount of employer-guaranteed investment earnings that is credited annually to each employee’s account is the
For a self-employed individual, “earned income” takes the pl…
For a self-employed individual, “earned income” takes the place of “compensation” in applying the qualified plan rules.
A qualified long-term care insurance contract
A qualified long-term care insurance contract
Which of the following commuting arrangements is always tax…
Which of the following commuting arrangements is always tax deductible to the employee?
Under current tax law, a nonrefundable tax credit is availab…
Under current tax law, a nonrefundable tax credit is available for some lower-income taxpayers who make a contribution to a traditional IRA.
All group insurance programs offered to employees must compl…
All group insurance programs offered to employees must comply with ERISA reporting and disclosure requirements.
A “stand alone” profit sharing plan-where the employer has n…
A “stand alone” profit sharing plan-where the employer has no qualified defined benefit or other plan-is often integrated with Social Security.