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Business, 23.11.2019 02:31 ninilizovtskt

Which of the following is an explanation for why insurance premiums on a key employee are not deductible? a) a deduction for the insurance premium would offset taxable income without the potential for the proceeds generating taxable income. b) the federal government does not want to subsidize insurance companies c) it is impractical to trace insurance premiums to the receipt of proceeds d) congress presumes that all expenses are not deductible unless specifically allowed in the internal revenue code. e)this rule was grandfathered from a time when the internal revenue code disallowed all insura premiums deductions

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Which of the following is an explanation for why insurance premiums on a key employee are not deduct...
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