"No Additional Cost" Benefits Are Excluded from an Employee's Gross

question 96

True/False

"No additional cost" benefits are excluded from an employee's gross income if the services are the same type that are sold to customers and in the line of business in which the employee works.

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Definitions:

Tax Rebate

A refund on taxes when the tax liability is less than the taxes paid.

Consumer Spending

The total amount of money spent by households in an economy on goods and services, excluding purchases of new housing.

Durable Goods

Products or goods that are intended to last and are characterized by their long usage or service life, such as appliances, cars, and furniture.

Credit Availabilities

The ease with which individuals and businesses can obtain loans or credit, influenced by financial market conditions and regulatory policies.