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Group Life Insurance Taxable Benefit

November 28th, 2008 admin Leave a comment Go to comments

Hi, can someone help me with homework question please?

For the group term life insurance what is the taxable profit for the employer EMPLOYER employee.but proves the insurance? Please help me out, and they give me serious answers .. thanks

I do not know about that is to be a taxable benefit for anyone except the IRS. Only the employer may not coincide with the premium tax as they have to wages, which would be the only benefit to be imaginable. When the employer provides the employee's insurance premiums are taxed as income if and added to the total taxable income for the year.

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