Page 52 - Wages, Salaries and Other Earnings

Entire Cost Taxed

 You’re taxed on the entire cost of group-term
life insurance if either of the following
circumstances apply.
• The insurance is provided by your employer
through a qualified employees' trust, such as
a pension trust or a qualified annuity plan.
• You're a key employee and your employer's

plan discriminates in favor of key employees.

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