All of the Following Are Examples of Fringe Benefits Except

question 5

Multiple Choice

All of the following are examples of fringe benefits except

• A)health insurance.
• B)retirement payments.
• C)overtime payments.
• D)education subsidies.

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Definitions:

Accounts Payable

Amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Supplies

Materials and items consumed or used in the day-to-day operations of a business but not directly tied to the products manufactured.

Utilities Expense

The cost incurred by a business for basic services such as electricity, water, gas, and sewage during an accounting period.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the ownership value.