Match Each Statement with the Correct Term Below

question 35

Multiple Choice

Match each statement with the correct term below.
-Working condition fringe

• A)Dues, uniforms, subscriptions.
• B)Intended to punish and are taxable.
• C)Taxable if from an employer-provided policy.
• D)Any personal wrong, such as libel, slander, or assault.
• E)Excludable amount limited to gross profit percentage.
• F)Gratuitous and not a form of compensation for services.
• G)Excludability requires that it must be a condition of employment.
• H)Excluded if for compensatory payments for sickness or personal physical injury.
• I)To replace lost earnings and is excluded if due to personal physical injury.
• J)Excluded if provided on the employer's business premises and for the convenience of employer.

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Definitions:

Human Judgment

The cognitive process of making decisions or drawing conclusions based on personal knowledge, experience, senses, and emotions.

Additive Form

A mathematical or statistical model where the components or factors are combined through addition to predict or estimate outcomes.

Systematic Component

The part of a process or model that can be directly explained by variables within the system, leading to predictable outcomes.

Seasonal Factor

Variations in demand, supply, or other business indicators that occur at specific times of the year.