MCQOPTIONS
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| 1. |
Ajay pays insurance premium for his employees. Which of the following insurance premiums will not be treated deductible as compensation paid to an employee?I.Health insurance with benefits payable to an employeeII.Keyman life insurance with benefits payable to Ajay |
| A. | nly I |
| B. | nly II |
| C. | oth I and II |
| D. | either I nor II |
| Answer» C. oth I and II | |