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Describe the kinds of insurance premiums an employer can pay

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Larry Bounds has won the Gold Bat Award for hitting the longest home run in Major League Baseball this year. The bat is worth almost $35,000. Under what conditions can Larry exclude the award from his gross income? Explain.

Describe the kinds of insurance premiums an employer can pay on behalf of an employee without triggering includible compensation to the employee. Explain.

Reference no: EM133007093

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