Premiums for insurance purchased through qualiﬁed cafeteria plans may be deducted from an employee's pay on a pre-tax basis.

Name: Premiums for insurance purchased through qualiﬁed cafeteria plans may be deducted from an employee's pay on a pre-tax basis.
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Quizplus · Accepted Answer

Premiums for insurance purchased through qualified cafeteria plans can indeed be deducted from an employee's pay on a pre-tax basis, which reduces the employee's taxable income.

Premiums for Insurance Purchased Through Qualiﬁed Cafeteria Plans May Be