An Employer-Provided Vehicle Is Often Made Available for Personal Use

question 7

Multiple Choice

An employer-provided vehicle is often made available for personal use by an executive.The personal use represents additional compensation to the executive.The personal use is treated as a taxable fringe benefit and is included as additional compensation on the executive's Form ____.

• A)1099-Misc.
• B)1099-R.
• C)K-1.
• D)W-2.

---

Definitions:

Seminoles

A Native American people originally from Florida, known for their resistance against US forces in the Seminole Wars.

Crossing The Rockies

The act of traversing the Rocky Mountains, which was a significant barrier to westward expansion in the United States during the 19th century.

Settlers

Individuals or groups who move to uninhabited or sparsely populated lands to establish a permanent presence.