_____ 8. As long as the plan is nondiscriminatory, any life insurance provided employees as a fringe benefit is tax-exempt.

Name: _____ 8. As long as the plan is nondiscriminatory, any life insurance provided employees as a fringe benefit is tax-exempt.
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Life insurance provided as a fringe benefit is generally taxable to the employee, except for the first $50,000 of coverage, which is tax-exempt if the plan is nondiscriminatory.

_____ 8 as Long as the Plan Is Nondiscriminatory, Any Life