A physician’s certificate is required to obtain sick pay if the employee’s absence is longer than one week.

Minnie and Micky Pluck are married, filing jointly in 2013. Minnie earns $60,000 a year and takes full advantage of her employer’s qualified retirement plan. Micky is not employed.

What tax rules apply when an option does have a readily ascertainable fair market value at the time of the grant?(I)the option is taxed based on the difference between the stock price and the option’s value at the time of the grant(II)the option is taxed at the time of the grant(III)the employer receives a tax deduction at the time of the grant(IV)the employee has no further taxable compensation income when the option is exercised

Ken and Barbie Dahl file a joint tax return in 2013. Both are employed. Ken is an active participant in his employer’s qualified retirement plan. Barbie is not. Barbie earns $150,000 and Ken earns $75,000. Assuming they have no other tax deductions,

Fewer expenses qualify as medical expenses under a Health Reimbursement Arrangement as compared to other health insurance plans.

A Health Reimbursement Arrangement (HRA) is advantageous in combination with a high deductible health plan.

A flexible spending plan can reduce employment taxes paid by an employer.

Brothers Tim and Jim Shanton have asked you, their financial advisor, to settle a friendly quarrel between them. Tim argues that a Roth IRA and a traditional IRA are actuarially equivalent if $4,000 is available for investing on a before-tax basis, contributions to the traditional IRA are deductible, tax rates are expected to stay the same, and both have the same interest rates. So, it makes no difference which vehicle one uses to save for retirement. Jim insists that a Roth IRA is the better investment. You tell them

Ken and Barbie Dahl file a joint tax return in 2013. Both are employed. Ken is an active participant in his employer’s qualified retirement plan. Barbie is not. Barbie earns $150,000 and Ken earns $75,000. Assuming they have no other tax deductions,

Sandi wants to convert her traditional IRA to a Roth IRA. The current IRA account value is $100,000. If Sandi follows through, how will the conversion be taxed?