Tax Treatment of Health & Disability Insurance

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The IRS counts the health insurance costs of _____ owners who own more than two percent of the company as taxable income.

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1. Which of the following forms of disability proceeds is subject to income taxes?

2. Which of the following is a benefit of an employee paying health insurance premiums with pre-tax dollars?

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About This Quiz & Worksheet

Using the quiz/worksheet combo, you can discern how much you know about tax treatment of health and disability insurance premiums and payments. Paying health insurance premiums with pre-tax dollars and a form of disability proceeds that is subject to income taxes are some topics you need to know when you take the quiz.

Quiz & Worksheet Goals

You can check your understanding of the following topics:

  • Type of corporation that must pay income taxes if they own more than two percent of the company
  • A benefit of paying health insurance premiums with pre-tax dollars
  • Form of disability proceeds that is subject to income taxes
  • The tax treatment when an employer partially pays for an employee's health insurance premiums

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on tax treatment of health insurance
  • Information recall - access the knowledge you have gained about how the proceeds of a disability policy are taxed, if at all
  • Interpreting information - verify that you can read information about the advantages of paying health insurance premiums with pre-tax dollars as an employee and interpret it correctly

Additional Learning

If you want to discover more information about these tax-related topics, use the lesson called Tax Treatment of Health & Disability Insurance. Some objectives you can cover using this lesson include:

  • Review the tax advantages of employee health insurance programs
  • Understand the purpose of disability insurance policies
  • Determine how long-term care insurance policies are treated by the IRS
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