Employees Don't Include the Value of Any Compensatory Fringe Benefits

question 62

True/False

Employees don't include the value of any compensatory fringe benefits in gross income because the benefit doesn't consist of a direct cash payment.

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Definitions:

Intelligence

The ability to acquire, understand, and use knowledge, including the capacity for logic, understanding, self-awareness, learning, emotional knowledge, planning, creativity, and problem-solving.

Understand the World

The process of comprehending or making sense of the environment and society around one.

Resourcefulness

The ability to find quick and clever ways to overcome difficulties or challenges.

Wechsler

Refers to a series of standardized tests used to assess human intelligence, developed by psychologist David Wechsler.