S corporation shareholders who own more than 2% of the outstanding stock are eligible for which of the following tax-free benefits?
A) group term life insurance exclusion under Sec.79 for premiums paid for up to $50,000 coverage
B) exclusion for cafeteria plan benefits
C) exclusion from income for premiums paid for accident and health and medical reimbursement plans
D) none of the above
Correct Answer:
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