All of the Following Are Requirements for Excluding Employee Achievement

question 93

Multiple Choice

All of the following are requirements for excluding employee achievement awards except for

• A)tangible personal property other than cash.
• B)based on safety records or length of service.
• C)part of a meaningful presentation.
• D)if paid in cash,must be less than $400.

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Definitions:

Protective Tariff

A tax imposed on imports to protect domestic industries from foreign competition.

Excise Tax

A specific tax imposed on certain goods, products, or activities, usually to discourage consumption or to raise revenue.

Comparative Advantage

An economic theory that describes how a country or entity can produce goods and services at a lower opportunity cost than others.

International Trade

Trading goods, services, and capital across borders or territories between countries.