S Corporation Shareholders Who Own More Than 2% of the Outstanding

question 9

Multiple Choice

S corporation shareholders who own more than 2% of the outstanding stock are eligible for 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.