9. Ancillary Benefits

Aims and objectives of this chapter:

• Explain various forms and characteristics of severance benefits

• Analyze the severance benefits under section 409A

• Discuss voluntary insurance benefits, including features, tax, and accounting considerations

• Introduce workers’ compensation benefits, including coverage issues and various features

• Explain workers’ compensation benefit financing and accounting

• Introduce the unemployment benefits program and discuss its tax considerations and accounting issues

• Introduce cafeteria benefits, including features and different types of benefits

• Illustrate the taxation and legal requirement of the cafeteria benefits

The term ancillary benefits is defined in a number of ways, varying ...

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