If an Employer Pays for the Employee's Long-Term Care Insurance

question 74

True/False

If an employer pays for the employee's long-term care insurance premiums, the employee can exclude from gross income the premiums but all of the benefits collected must be included in gross income.

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Definitions:

Olfactory Nerve

The first cranial nerve, responsible for the sense of smell, transmitting odors from the nasal cavity to the brain.

Midsagittal Section

A vertical plane that divides the body or an organ into equal right and left halves.

Right Half

An ambiguous term potentially referring to the right side of a bilateral organism or structure, requiring context for precise definition.

Cerebrum

The biggest section of the brain, tasked with managing voluntary muscle movements, sight, language, flavor, auditory perception, cognition, and memory retention.