Evaluate the Following Statements: I

question 74

Multiple Choice

Evaluate the following statements: I.De minimis fringe benefits are those that are so immaterial that accounting for them is impractical.
II) De minimis fringe benefits are subject to strict antidiscrimination requirements.
III) Generally, a fringe benefit of less than $50 is considered de minimis and can be excluded from gross income.

• A)Only I is true.
• B)Only III is true.
• C)Only I and III are true.
• D)I, II, and III are true.
• E)None of these.

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Definitions:

Masking

A technique used in psychology research to inhibit or disrupt the processing of a visual stimulus by presenting another stimulus immediately following the first.

Stimulus

An event or object that evokes a specific response from an organism or system.

Hebb Rule

a theory in neuroscience that proposes an increase in synaptic efficacy arises from the presynaptic cell's repeated and persistent stimulation of the postsynaptic cell.

Synapse

A junction between two nerve cells, consisting of a minute gap across which impulses pass by diffusion of a neurotransmitter.