Which of the Following Fringe Benefit Does Not Impose a Limit

question 100

Multiple Choice

Which of the following fringe benefit does not impose a limit on the amount eligible as a tax-free benefit?

• A) A child and dependent care program
• B) Group term life insurance premiums
• C) Education assistance plan
• D) Excess capacity services,
• E)g. unsold airplane seats

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Definitions:

Agreed Price

The price that both buyer and seller have consented to in a transaction or contract.

Liquidated Damages

A bona fide estimate of the monetary damages that would flow from the breach of a contract.

Consequential Damages

Indirect damages that do not flow directly from the act but occur as a consequence of the initial act, often involving loss of profit or other secondary losses.