Evaluate the Following Statements: I

question 74

Multiple Choice

Evaluate the following statements: I.De minimis fringe benefits are those that are so immaterial that accounting for them is impractical.
II) De minimis fringe benefits are subject to strict antidiscrimination requirements.
III) Generally, a fringe benefit of less than $50 is considered de minimis and can be excluded from gross income.

• A)Only I is true.
• B)Only III is true.
• C)Only I and III are true.
• D)I, II, and III are true.
• E)None of these.

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Definitions:

Frustrated

Feeling upset or annoyed as a result of being unable to change or achieve something.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Months

Units of time, each roughly about 30 days long, that together constitute a year.

Age

The duration for which an individual or item has existed or been alive.