Answer: disability income
The cost of employer – provided group-term life insurance on the life of an employee s spouse or dependent paid by the employer is not taxable to the employee if the face amount of the coverage does not exceed $2 000. This coverage is excluded as a de minimis fringe benefit. Some cases may allow more. Notes
The Federal Insurance Contributions Act is a tax mechanism codified in Title 26 Subtitle C Chapter 21 of the United States Code.. Social security benefits include old-age survivors and disability insurance (OASDI); Medicare provides hospital insurance benefits for the elderly. The amount that one pays in payroll taxes throughout one’s working career is associated indirectly with the social …
Internal Revenue Code section 79 – Wikipedia
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Employee compensation in the United States – Wikipedia
Income tax in the United State…