Which of the following statements regarding medical expense policies for people who are self-employed is NOT true?

Insurance

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Which of the following statements regarding medical expense policies for people who are self-employed is NOT true?

A) Premiums are not taxable.

B) Premiums are not deductible if the insured is eligible to participate in a group health plan.

C) Premiums are deductible if the business shows a net profit at the end of the year.

D) Benefits are not taxable.

Answer: Premiums are not taxable.

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