Taxable Fringe Benefits Include Automobile Allowances, Gym Memberships, and Personal-Use

question 87

True/False

Taxable fringe benefits include automobile allowances, gym memberships, and personal-use tickets to the theater or sporting events.

---

Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at that price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied by producers.

Complement

A good or service that is used together with another, increasing demand for both as the use of one enhances the value or utility of the other.