Which of the Following Fringe Benefits Is Taxable to the Employee

question 30

Multiple Choice

Which of the following fringe benefits is taxable to the employee receiving the benefit?

• A)A subscription to a tax journal provided by the employer to a corporation's tax accountant
• B)A small discount on toys granted to the salesperson for a toy store
• C)Incidental use of the company's copier by an office worker
• D)A 15 percent discount on investment real estate granted to the employee of a real estate developer
• E)All of the above are tax-free

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Definitions:

Antigens

Substances that provoke an immune response when detected by the body, typically proteins or polysaccharides found on the surface of pathogens.

hCG

Human Chorionic Gonadotropin, a hormone produced during pregnancy by the developing embryo and later by the placenta.

Cancer

A broad group of diseases involving abnormal cell growth with the potential to invade or spread to other parts of the body.

Performance-Based Pay

A compensation system where an employee's salary or wage is directly tied to their performance or productivity, often used to motivate and reward high achievement.