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