Marilyn has read an article explaining the advantages of paying nontaxable fringe benefits (premiums on group term

Question:

Marilyn has read an article explaining the advantages of paying nontaxable fringe benefits (premiums on group term life insurance, accident and health insurance, etc.) and having deferred compensation plans (e.g., qualified pension and profit-sharing plans). Provide Marilyn with information on the tax savings associated with converting $3,000 of her salary into nontaxable fringe benefits. What additional costs might Bell incur if it adopts a fringe benefit plan?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...