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.

Comprehend the legal implications of unauthorized signatures and their ratification.

Recognize the conditions under which alterations to promissory notes affect liability.

Understand the roles and liabilities of agents and principals concerning negotiable instruments.

Learn about real and personal defenses applicable to negotiable instruments.