Nontaxable Perks Such as a Company Vehicle Given to an Expatriate

question 90

Multiple Choice

Nontaxable perks such as a company vehicle given to an expatriate is an example of

• A) an overseas premium.
• B) a family compensation.
• C) a special assessment.
• D) a fringe benefit.
• E) a separation allowance.

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Definitions:

Fixed Costs

These are expenses that do not change with changes in the production volume or sales, such as rent, salaries, and insurance.

Net Income

The residue of all revenues and gains minus all expenses and losses for a period, often known as the bottom line.

Sales

The total amount of income generated by the selling of goods or services by a company during a certain period.

Manufacturing Costs

Refers to the total expenses incurred in the process of producing a product, including raw materials, labor, and overhead costs.