Business, 17.10.2021 22:40 lethycialee2427

Your employer is considering adding a group term life insurance plan to the employee benefit package. The premium cost would be fully paid by the organization. Explain how this will impact: • the employees' net pay
• the employer's payroll costs

- What type of benefit is group term life insurance? Cash or non-cash, taxable or non-taxable?
- Once you’ve determined the type of benefit, figure out how the stat deductions would be affected
- How do the increases or decreases in net income affect employee’s net pay and employer’s costs?

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