Taxes: Employee Benefits Flashcards Preview

REG > Taxes: Employee Benefits > Flashcards

Flashcards in Taxes: Employee Benefits Deck (4)
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1

Taxes:
Employee Benefits
Non Accountable Plans

Non Accountable Plans
- All expenses reimbursed are treated as income

2

Taxes:
Employee Benefits
Cafeteria Plan

Cafeteria Plan
- employees select from own menu of benefits

3

Taxes:
Employee Benefits
Dividend Income on shares

Included in Gross Income
The dividend income on shares of stock that the taxpayer received for services rendered.

4

Taxes:
Employee Benefits
Group Term Life Insurance

Group Term Life Insurance
- exclude the first $50,000
- (Remainder/1000) x Rate = Includible Income

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