Which of the Following Are Not Excludable as an Employee

question 33

Multiple Choice

Which of the following are not excludable as an employee fringe benefit?

• A)Employee deductions of $4,200 for dependent childcare expenses
• B)Premiums for up to $50,000 of group term life insurance
• C)An employee discount that permits the sale of merchandise to employees for just over cost
• D)Public transportation costs of $130 per month provided by the employer
• E)All of the above are excludable as an employee fringe benefit

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Definitions:

Quantity Control

Regulatory measures or policies aimed at limiting the amount of goods produced, supplied, or available in a market.

Lower Limit

The smallest value that a given set, statistical sample, or data category can take on or be assigned.

Upper Limit

The maximum level or value that can be reached or is allowable in a given context.

Supply and Demand

Fundamental economic model describing how prices vary as a result of a balance between product availability and consumer demand.