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The strategic planning process begins with
Economic Benefit
The advantage or gain received by individuals or businesses, often used in the context of employee compensation, taxation, and public policy.
Recognize Income
The process of reporting income on the tax return in the year it is received or accrued, according to IRS rules.
Tax Purposes
This encompasses reasons or considerations related to the assessment, computation, and payment of taxes.
Employer-Paid Premiums
Premiums paid by employers for employee benefits like health insurance, usually not taxable income for the employee.
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