Bob,an Employee of Modern Corp

question 42

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 32% 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)$320.
• C)$680.
• D)$1,000.

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Definitions:

Heritability of Intelligence

The proportion of variance in intelligence among individuals in a population that can be attributed to genetic differences.

Adoption Studies

These are research methods in psychology and genetics that compare adopted children to their adoptive and biological parents to understand the influence of genetics versus environment.

Genes and Environment

Refers to the interplay between genetic predispositions and environmental factors in determining an individual's traits and behaviors.

Heritability

The proportion of variation in traits within a population that can be attributed to genetic differences among individuals.