Which of the Following Statements Regarding Fringe Benefits Is False

question 111

Multiple Choice

Which of the following statements regarding fringe benefits is false?

• A)The general rule is that an employee fringe benefit is taxable unless the benefit is specifically excluded from the employee's gross income.
• B)Employers are not allowed to deduct the cost of nontaxable employee fringe benefits.
• C)Nontaxable fringe benefits must be provided to employees on a nondiscriminatory basis.
• D)None of the above is false.

---

Definitions:

Depreciation

Allocation of the cost of a tangible asset over its useful life, representing the decrease in the value of an asset due to use and age.

Selling Price

The amount of money for which a product or service is sold to customers.

Existing Copier

An existing copier refers to a photocopy machine that is currently owned and used by an entity, as opposed to obtaining a new one.

Evaluation

The process of assessing something's value, quality, or performance through careful examination or analysis.