Which of the Following Is Not an Example of a Taxable

question 1

Multiple Choice

Which of the following is not an example of a taxable fringe benefit?

• A) Personal use of corporate jet.
• B) $1,000,000 group term life insurance policy.
• C) $225 of employer provided parking.
• D) Automobile allowance.

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Definitions:

Antigens

Substances that, when introduced into the body, trigger an immune response primarily because they are recognized as foreign.

Antibodies

Proteins produced by the immune system to neutralize or destroy foreign substances, such as bacteria and viruses.

Inhibits Blood Clotting

Affects the body's ability to form blood clots, potentially delaying or preventing the clotting process.

Bone Marrow

The soft fatty tissue inside bones where blood cells are produced.