Benefits Covered by Section 132 Which May Be Excluded from an Employee's

question 61

Multiple Choice

Benefits covered by Section 132 which may be excluded from an employee's gross income do not include

• A)employee's use of an employer-owned health club.
• B)membership fees in professional organizations.
• C)employer-provided vehicle for personal use.
• D)hotel employee's use of a vacant hotel room.

---

Definitions:

Situation

The set of circumstances or the state of affairs at a particular time or in a particular context.

Life Cycle

The life cycle encompasses the series of stages that an organism, product, or project goes through from its initiation or birth to its decline or end.

Business Owner

An individual or entity that legally possesses a company, making key decisions and overseeing its operations.

Basic Tasks

Fundamental or primary duties and activities required to accomplish objectives, often forming the foundational work needed in various contexts, such as jobs or projects.