Sensory (adj) of or pertaining to the sensorium or sensation; as, sensory impulses; -- especially applied to those nerves and nerve fibers which convey to a nerve center impulses resulting in sensation; also sometimes loosely employed in the sense of afferent, to indicate nerve fibers which convey impressions of any kind to a nerve center
Tax Exemption of Health Insurance Premiums Currently, health insurance premiums âpaid byâ the employer are exempt from federal and state personal income taxes and FICA taxes.
However, these 2 percent owners can take a corresponding above-the-line deduction for the cost of their HSA contributions on their personal tax return. These fringe benefits are subject to FICA, FUTA, FITW, and SITW. All group-term life insurance coverage is treated as taxable, not just coverage in excess of $50,000. The cost of the insurance coverage (i.e., the greater of the cost of the premiums or the Table I rates) is subject to the withholding of FICA taxes only.