Which of the Following Are Not Excludable as an Employee

question 24

Multiple Choice

Which of the following are not excludable as an employee fringe benefit?

• A)Employee deductions of $4,200 for dependent childcare expenses
• B)Premiums for up to $50,000 of group term life insurance
• C)An employee discount that permits the sale of merchandise to employees for just over cost
• D)Public transportation costs of $130 per month provided by the employer
• E)All of these are excludable as an employee fringe benefit

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Definitions:

Dimethylheptanoic Acid

denotes a hypothetical organic compound, potentially misnamed, suggesting a heptanoic acid derivative substituted with two methyl groups.

γ-hydroxypentanoic Acid

An organic compound characterized by a five-carbon chain with a hydroxyl group attached to the third carbon and a carboxylic acid group at the end.

γ-hydroxy-γ-methylbutyric Acid

An organic compound, structurally related to β-hydroxy-β-methylbutyrate (HMB), and is involved in the biosynthesis and metabolism of fatty acids.

δ-hydroxyvaleric Acid

An organic compound that is structurally a hydroxylated form of valeric (pentanoic) acid, where the hydroxyl group is on the δ-carbon.