Question: ABC Co provides a generous employee benefits package that includes a life insurance policy and a health and dental policy covered by a private health

ABC Co provides a generous employee benefits package that includes a life insurance policy and a health and dental policy covered by a private health service plan How will an employee be taxed if they use the benefits Multiple Choice

The employee will be taxed on life insurance and health and dental benefits

The benefits package is not taxable since the employee would not receive funds

The employee will be taxed on the value of benefits used

The employee will be taxed on the life insurance premium but not the health benefits

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