Which of the Following Does Not Qualify as a "For

question 77

Multiple Choice

Which of the following does not qualify as a "for the convenience of the employer" nontaxable fringe benefit?

• A) An overtime meal provided to an employee while working late.
• B) A meal provided by a hospital to residents during their shift.
• C) A company picnic.
• D) The fair market value of the rent of an apartment manager living on the premises.

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Definitions:

Fixture

An item that was originally a piece of personal property but becomes part of realty after it is permanently attached to the real property in question.

Subsurface Rights

Legal rights to use and develop the area below the earth's surface, such as minerals, oil, and gas.

Underground Materials

Substances found beneath the earth's surface which can include minerals, oil, gas, or groundwater.

Property

Assets or possessions owned by an individual or entity, including tangible items like real estate and personal items, or intangible rights.