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:

Employee's Ability

The skills, knowledge, and competencies that an employee possesses, which enable them to perform their job effectively.

Complexity

The quality of a system characterized by nonlinear, noncausal outcomes. One cannot predict the endpoint of a complex system from its starting point.

Social Presence Theory

A theory describing the degree to which information and communication technologies (ICTs) foster feelings of co-presence even when people are separate in space and time.

Social Lives

The part of a person's time spent engaging in interpersonal relationships with friends and acquaintances outside of work and family commitments.