Qualified Fringe Benefits Received by an Employee Can Be Excluded

question 110

True/False

Qualified fringe benefits received by an employee can be excluded from gross income.

---

Definitions:

Conception

Conception is the process of a sperm fertilizing an egg, leading to the beginning of pregnancy.

Syphilis

A sexually transmitted infection caused by the bacterium Treponema pallidum, characterized by distinct phases and potentially serious health consequences if left untreated.

Thalidomide

A sedative linked to birth defects, especially deformed or absent limbs.

BMI

Body Mass Index, a measure of body fat based on height and weight that applies to adult men and women, used to categorize underweight, normal weight, overweight, and obesity.