Write a 600 words essay that follows the APA format guidelines, including proper citation and referencing. Use appropriate headings to organize your essay if necessary. Your essay should have a clear introduction, body paragraphs with supporting arguments or evidence, and a conclusion. Ensure your paper is free from grammatical errors, spelling, and typos. Submit your essay as a Word document (.doc or .docx) through the designated course portal.
Requirements: 2 pages
Answer preview
. That means that the value of the health insurance coverage provided by the employer is not considered taxable income for the employee (Kaestner & Simon, 2019). The exclusion applies to both the premiums paid by the employer and any contributions made by the employee through a cafeteria plan or other similar arrangements. For example, let’s say a company offers its employees’ health insurance and pays the full premiums for their coverage. If an employee earns a salary of $50,000 per year and the health insurance premiums amount to $5,000, the employee’s taxable income would be based on the $50,000 salary alone, and the $5,000 health insurance premium would not be included.
