All of the Following Fringe Benefits Paid for by the Employer

question 13

Multiple Choice

All of the following fringe benefits paid for by the employer may be excluded from an employee's gross income except

• A)discounts on services of 25 percent.
• B)subscriptions to professional publications.
• C)recreational facilities on employer's premises.
• D)unused airline seats for airline employees where the employee is required to fly "standby."

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Definitions:

Cross-over Effect

The phenomenon where the success or attributes of one product or brand spills over to another within the same company.

Merchant Wholesaler

A business that buys goods in large quantities from manufacturers and resells them to retailers or other businesses.

Full-Service

Offering a complete range of services to meet all customer needs in a particular area, without requiring them to go elsewhere.

Merchant Wholesalers

Independently owned firms that take title to the merchandise they handle.