Employer-paid group-term life insurance coverage in excess of $50,000 This fringe benefit is subject to the withholding of Social Security and Medicare taxes (FICA) only. Though the amount is included in gross wages, federal and state income tax withholding is not required.
To get the answer to that question, we need to look back more than a century. Alexander Graham Bell invented the telephone in 1876. And then in 1900, on December 23 on the outskirts of Washington, D.C., an inventor named Reginald Fessenden accomplished a remarkable feat: He made the first wireless telephone call.
History of the Smartphone. Alexander Graham Bell is the inventor of the telephone. In 1878 he made the first phone call. Telephones have not only come a long way, but may one day be completely obsolete. Motorola introduced some of the first cellphones to the public during the 1980s. These cellphones were completely unlike the cell phones of today since they were not at all compact nor by any means cost effective. Some of these cellphones cost as much as $4,000, and weighed over 2 pounds! The first smartphone was developed by IBM and BellSouth, which came out to the public in 1993.