In which of the following situations would premium payments be tax deductible?
A) Randy is the owner and premium payor of a life insurance policy covering his spouse.
B) A company provides $25,000 of life insurance coverage to each of its 15 employees and pays the full premium.
C) A company is the owner and premium payor of a $250,000 key-executive policy covering the life of its president.
D) Janet is the owner and premium payor of a mortgage policy that covers the outstanding mortgage on her home.
Ans: B) A company provides $25,000 of life insurance coverage to each of its 15 employees and pays the full premium.
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A. To reduce the number of people they have to keep track of B. It is convenient and flexible C. Alliances result in lower prices D. Alliances commit the seller to selling more to the customer E. They prefer to interact with salespeople
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