Bob,an Employee of Modern Corp

question 116

Multiple Choice

Bob,an employee of Modern Corp. ,receives a fringe benefit (in lieu of a salary increase) of $1,000.Bob is in a 33% tax bracket.The fringe benefit is nontaxable to Bob.If he had instead paid for the benefit out of his own money,the cost would not be deductible.Bob's after-tax savings from receiving the tax-free benefit is

• A)$0.
• B)$333.
• C)$667.
• D)$1,000.

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Definitions:

Time-To-Hire

The duration between initiating the search for a new employee and the moment the selected candidate accepts the job offer.

Turnover Rate

The rate at which an organization loses employees and needs to replace them within a certain period.

Relational Database

A type of database that organizes data into tables which can be linked—or related—based on data common to each.

Multiple Tables

In databases, the use of two or more tables simultaneously to organize, store, and manage data.