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

question 914

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) exclusion for cafeteria plan benefits
• B) exclusion from income for premiums paid for accident and health and medical reimbursement plans
• C) group term life insurance exclusion under Sec. 79 for premiums paid for up to $50,000 coverage
• D) None of the above.

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