The first step is to determine your legitimate earnings to establish your compensation. Then you have an important decision to make: pay the premium after tax for a tax free benefit of up to 60% of your compensation or pay the premium pretax for a taxable benefit up to 80% of your compensation, provided that you have ability to use the premium as a legitimate business deduction.
Depending upon your gender, age, nonsmoking status and good health condition you should be ready to pay 5 to 8% of your compensation.
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Depending upon your gender, age, nonsmoking status and good health condition you should be ready to pay 5 to 8% of your compensation.