If a state does not establish an exchange individuals and small employers must buy health insurance directly from insurance companies.

The owner of Pinnacle Management Services, Inc., wants to provide health benefits for the executive staff that are over and above the benefits provided for the rank-and-file employees. The best way of doing this is for Pinnacle to utililize

The owner of Sierra Sporting Goods encourages her employees to stay healthy. An employee benefit is an annual membership to the local athletic club. Every year, the store sponsors a mini-triathlon for area sports enthusiasts and awards a $100 bonus to each employee who participates and finishes the mini-triathlon and a $250 bonus to any employee who places in the top three on any race in the mini-triathlon. The health care management tool(s) that Sierra’s owner is using is (are)

Landrum Manufacturing has had several lean years. Recently, however, product demand has increased. Profits have doubled every year for the past three years, primarily due to the efforts of the owner and two key employees. The owner wants to build a case that the recent steep increases in her compensation and the compensation of her two key employees is reasonable. As her financial advisor, you tell her that her best option is to

An employer can provide employees with tax-advantaged dependent care in all of the following ways, except

Will Bumpum is chairman of the board for Accidental Airlines. Will and his executive staff can fly free at any time, but other employees must pay the same fare as the public to fly on Accidental. What are the tax implications for Will?

Zeta Corporation is using life insurance to provide a $200,000 death benefit to the beneficiary or estate of T. A. Gordon, a key executive. Zeta Corp. expects to be in a 34% tax bracket when the benefit is paid, so a $132,000 policy has been purchased on Gordon’s life. Zeta Corp. is the owner and beneficiary of the policy and pays the premiums. When Gordon dies, which of the following is true?

Fiduciaries cannot delegate fiduciary responsibilities and, in turn, avoid direct responsibility for performing the duty.

Which of the following fringe benefits is taxable to the recipient?

Bill Brown, age 51, is planning to retire in 5 years and withdraw funds from his tax deferred annuity. Bill can make this withdrawal, but he must pay a 10% penalty for early withdrawal.