Examlex
Which one of the following statements about decentralization is NOT accurate?
Employer-Paid Premiums
Premiums paid by employers for employee benefits like health insurance, usually not taxable income for the employee.
Life Insurance
Life Insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.
Taxable
Referring to income or transactions that are subject to taxation by government authorities.
Social Security Benefits
Payments made to qualified individuals from the Social Security Administration, typically for retirement, disability, or survivorship.
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