How does a partner treat premiums on health insurance provided by the partnership's?

Expert Solution

ekkarill92 answered 2 years ago

Employees currently pay their own medical and health insurance premiums The company does not offer group...

Employees currently pay their own medical and health insurance premiums The company does not offer group life insurance The company would like to offer dependent care assistance under Sec. 129 for its employees What advice would you give the company President about starting a fringe benefit program for the employees? What are some of the tax benefits to the company and the employees? Would a cafeteria plan be an option for this company?

1. A health insurance broker records the monthly extended health and dental insurance premiums for 18...

1. A health insurance broker records the monthly extended health and dental insurance premiums for 18 non-smoking white-collar clients between the ages of 31 and 40 (measured in $): 109 88 129 97 151 141 48 109 57 86 117 56 127 113 124 72 132 58 a. Calculate the sample mean ( x̄) and standard deviation (s) to the nearest cent. b. Construct a 98% confidence interval for the mean monthly insurance premium for all non-smoking white-collar clients between...

in regards to the affordable care act, how have health insurance premiums been affected?

Mary is a 50% general partner in the WJM Partnership. The partnership's records for the current...

Mary is a 50% general partner in the WJM Partnership. The partnership's records for the current year show the following: Gross receipts from sales $670,000 Cost of sales (500,000) Advertising expense (96,000) Charitable contributions (25,000) Dividend income 48,000 Guaranteed payment to Mary (12,000) Short-term capital loss (30,000) Mary's outside basis at the beginning of the current year was $125,000. During the year, partnership liabilities decreased by $80,000 and the partnership made cash distributions to Mary of $55,000. Required: (a) Calculate...

WHICH OF THE FOLLOWING IS TRUE REGARDING HEALTH AND ACCIDENT INSURANCE PREMIUMS HEALTH PREMIUM FOR THE...

WHICH OF THE FOLLOWING IS TRUE REGARDING HEALTH AND ACCIDENT INSURANCE PREMIUMS HEALTH PREMIUM FOR THE 2% SHAREHOLDERS CANNOT BE TREATED AS WAGES. INCLUDED ON THE 2% SHAREHOLDERS FORM W2 AND NOT SUBJECT TO FICA OR MEDICARE WITHHOLDING THEY MUST BE DEDUCTED ON THE S CORPORATIONS FORM 1120S MUST BE INCLUDED ON 2% SHAREHOLDER FORM W2 ONLY IF THE S CORPORATIO DOES NOT HAVE A PLAN FOR OTHER EMPLOYEES.

A health insurance broker records the monthly extended health and dental insurance premiums for 18 non-smoking...

A health insurance broker records the monthly extended health and dental insurance premiums for 18 non-smoking white-collar clients between the ages of 31 and 40 (measured in $): 48 130 66 96 147 65 131 105 112 139 61 47 131 51 95 60 99 95 T-Distribution Table a. Calculate the sample mean and standard deviation. x̄ = x̄ = Round to the nearest cent s=s= Round to the nearest cent b. Construct a 95% confidence interval for the mean...

A company offers health insurance to its employees. The insurance pays continuous premiums at the rate...

A company offers health insurance to its employees. The insurance pays continuous premiums at the rate of $12,000/year whenever the employee is sick, and nothing otherwise. Suppose that a typical employee gets sick on average every 4 months ,and when sick remains so for an average of 1/2-months. The company constructs an appropriate continuous-time Markov chain to model this situation. (a) Suppose an employee is healthy today. Find the total expected benefits that she will receive over the next year.

A colleague tells you that he is purchasing a health insurance policy, but the premiums seem...

A colleague tells you that he is purchasing a health insurance policy, but the premiums seem very high for the level of coverage. Use the following table to classify each explanation for the high premiums as an instance of either adverse selection or moral hazard. Explanation for High Premiums Adverse Selection(yes or no) Moral Hazard (yes or no) The insurance company cannot determine which customers are healthy and which are unhealthy. The insurance company believes that the health insurance will...

Should everyone who pays into insurance risk pools be forced to pay higher health insurance premiums...

Should everyone who pays into insurance risk pools be forced to pay higher health insurance premiums to cover the costs of the uninsured when they become seriously ill? Is this situation fair, especially when the higher premiums lead to the insured becoming underinsured? What values are making the legislation mandating universal health coverage controversial in the United States? This is for a discussio post. Please provide 125 words in your response. Thanks in advance.

Our health insurance market exists primarily through employer provided health care. Why does this lead to...

Our health insurance market exists primarily through employer provided health care. Why does this lead to lower premiums than would exist in a market for health insurance where individuals purchased insurance themselves? 5. Maytag offers a 10 year warranty on washers and dryers, and consumers are willing to pay more for Maytag products than for Kenmore products. Kenmore could charge more for their products if they offered a similar warranty, but they choose not to. Why? 6. How does having...

Question