Which of the following business life insurance premiums is tax deductible to the business?
A) Key-person life insurance policies
B) Life insurance policies that reimburse the business for benefits paid under deferred compensation plans
C) Buy-sell agreements funded by life insurance policies
D) Executive bonuses
Ans: D) Executive bonuses
Business
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The Scanlon plan is an example of ______, which distributes company savings to groups of employees who reduced costs and increased productivity.
Fill in the blank(s) with the appropriate word(s).
Business
The valuation allowance account should be evaluated at the end of each accounting period
a. true b. false
Business