Rick chose the following fringe benefits under his employer's cafeteria plan. Which of his chosen benefits will be taxable?
A) $150 cash per pay period
B) medical insurance on his family
C) dental insurance
D) group term life insurance coverage of $20,000
A) $150 cash per pay period
If an employee chooses cash as a benefit, the cash is taxable.
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Indicate whether the statement is true or false