Under federal tax laws, what is the tax treatment for an employer providing $50,000 of a contributory group Term Life plan to all its eligible employees?
A. Portion of the premiums paid for by the employer may be a tax deduction
B. Portion of the premiums paid for by the employee may be a tax deduction
C. Portion of the death proceeds are taxable to the estate
D. Portion of the death proceeds are taxable to the beneficiary
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