Ben was hospitalized for back problems. While he was away from the job, he collected his regular salary from an employer-sponsored income protection insurance policy. Ben’s employer-sponsored hospitalization insurance policy also paid for 90% of his medical expenses. Ben also collected on an income protection policy that he had purchased. Which of these sources of income is/are taxable? Explain the basis for excluding any item or items.
What will be an ideal response?
Only the collections on the employer-sponsored income protection policy are subject to tax. The hospitalization benefits received from the employer sponsored plan are specifically excluded. Both the premiums and the payments can be excluded. The amounts Ben collected on a policy he purchased are specifically excluded under the rationale that the payments are a recovery of Ben's premiums.
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A class-action lawsuit was brought against a national burger chain, charging that its food contributed to the nationwide obesity epidemic
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In marketing, an exchange is when the buyer and the seller trade things of value to benefit the other.
Answer the following statement true (T) or false (F)
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A. problem detection B. market profiling C. general preplanning input D. incomplete comparison E. perceptual mapping