During 2018 a Company Provides Free Meals to Employees in Its

question 1293

True/False

During 2018 a company provides free meals to employees in its facility so that employees are available to help clients throughout the work hours. The employees can exclude the value of the meals eaten, and the company can fully deduct the meals provided to employees.

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Definitions:

Payroll Tax

Charges instituted on both employers and workers, typically a percentage of the employment remunerations.

Tax Burden

the measure of the total taxes imposed on individuals or businesses by the government.

Payroll Tax

Taxes imposed on employers and/or employees, typically based on the wages or salaries that employees earn.

Workers

Individuals engaged in a form of employment or labor, contributing their skills and efforts in exchange for financial compensation or wages.