employers must establish a plan document, distribute a summary plan description to all participants and meet ongoing compliance regulations. A pre-tax health insurance plan, also called a "cafeteria plan," allows the employee to opt to pay his share of the benefit...
Qualified benefits offered under a cafeteria or Section 125 plan are exempt from FICA. This includes contributions made toward a medical, dental, vision and accident insurance plan and toward a flexible spending account, such as dependent care assistance and medical care reimbursements. Payments toward...
What is a Tax Deduction? Discussion Comments By anon327830 — On Mar 31, 2013 AFLAC Supplemental Plans are generally not exempt from taxes like "Cafeteria Plans" that fall under the IRS Section 125 code defining Cafeteria Plans. That was your answer. You can stop reading now or you can...
they pay for it and the employer saves payroll tax on every dollar they spend. These benefits cost the employer nothing. Who are we? We're a network of licensed insurance agents who specialize in pre-tax insurance. What will we do for you and your business?
Artificial intelligence (AI) is becoming increasingly relevant, and students need to understand the concept. To design an effective AI program for schools,