Register
How are the payments from a family income benefit policy treated for tax purposes?
330,431 views
41 votes
41 votes
How are the payments from a family income benefit policy treated for tax purposes?

User Drew Szurko
by
2.6k points

2 Answers

19 votes
19 votes
Exempt from income taxes
Benefit payments from an individually-owned medical expense policy are exempt from income taxation.
User Ski
by
3.0k points
21 votes
21 votes

Answer

i am not sure

Step-by-step explanation:

User Pshemek
by
3.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has EBIT of $93,000 and a total of $137,000 in depreciation
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
Link Copied!