Which of the Following Is a Fringe Benefit Not Included

question 3

Multiple Choice

Which of the following is a fringe benefit not included as compensation?

• A)Discounts on services,limited to 30% of the price charged to nonemployee customers.
• B)Educational assistance limited to $7,250.
• C)Group-term life insurance up to $50,000 of coverage.
• D)Overtime meal money.

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Definitions:

Negligence

The failure to exercise the level of care that someone of ordinary prudence would have exercised under the same circumstances, often leading to harm or damage.

Nominal Damages

A small amount of money awarded to a plaintiff in a lawsuit to recognize a legal right was violated, without substantial loss or damage occurring.

Trivial Damages

Refers to minimal or insignificant compensation awarded when a legal wrong has occurred, but the plaintiff has not experienced substantial harm.

Negligence Tort

A legal claim arising from injuries or damages caused by a person's carelessness or failure to take reasonable care.