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8. Larry is considering changing jobs. Apotential employer has offered him several employee benefits
that make the job offer very attractive. Which of the following employee benefit alternatives will
help reduce the Andes’ reportable gross income for federal income tax purposes? I. The immediate right to contribute to a 401(k) plan.
[L Employer-provided parking.
III. Group term life insurance equal to three times salary.
IV. The right to contribute to a § 125 plan. a. [only b. I and II only c. I and IV only d. II, III, and IV only e. I, II, 111, and IV

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