Roma Company Pays for Group Term Life Insurance on a Non-Discriminatory

question 78

Multiple Choice

Roma Company pays for group term life insurance on a non-discriminatory basis for all 100 of its workers.Which of the following individuals,all of whom work in the business,will be allowed to exclude the value of the coverage from her gross income?

• A)Jamila is president and 51% shareholder of Roma Company which is a C corporation.
• B)Fran is a managing partner of Roma partnership; she owns 5% of the business.
• C)Tabitha is sole owner of Roma,a sole proprietorship.
• D)Sally is a department manager and owns 3% of Roma,an S corporation.

---

Definitions:

Depth of Field

In photography and cinematography, depth of field is a measure of the distance between the nearest and farthest objects in a scene that appear acceptably sharp in an image.

Persistence of Vision

A phenomenon where the human eye retains images for a split second longer than they actually appear, making discrete frames appear as continuous motion in film and animation.

Critical Flicker Fusion

The frequency at which an intermittent light stimulus appears to be completely steady to the average human observer.

16 Fps

A frame rate of 16 frames per second, commonly used in early silent films to create motion.