The De Minimis Fringe Benefit

question 46

Multiple Choice

The de minimis fringe benefit:

• A)Exclusion applies only to property received by the employee.
• B)Can be provided on a discriminatory basis.
• C)Exclusion is limited to $250 per year.
• D)Exclusion applies to employee discounts.
• E)None of these.

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Definitions:

Admiration

A feeling of respect and admiration for someone or something, often because of their qualities or achievements.

Intergroup Conflict

A conflict that occurs between different groups or teams, often due to competition, misunderstandings, or differing goals.

Anthropologists

Scientists who study human behavior, culture, societies, and development over time, often focusing on both ancient and contemporary populations.

Fossil Evidence

Remains or impressions of prehistoric organisms preserved in rock layers, crucial for understanding evolutionary history.