Match Each Statement with the Correct Term Below

question 157

Multiple Choice

Match each statement with the correct term below.
-Employer-provided lodging

• A)Dues, uniforms, subscriptions.
• B)Intended to punish and are taxable.
• C)Taxable if from an employer-provided policy.
• D)Any personal wrong, such as libel, slander, or assault.
• E)Excludable amount limited to gross profit percentage.
• F)Gratuitous and not a form of compensation for services.
• G)Excludability requires that it must be a condition of employment.
• H)Excluded if for compensatory payments for sickness or personal physical injury.
• I)To replace lost earnings and is excluded if due to personal physical injury.
• J)Excluded if provided on the employer's business premises and for the convenience of employer.

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Definitions:

Written Contract

An agreement between parties that is documented in a written form and signed by the parties involved.

Remedy

A legal means of enforcing a right or correcting a wrong.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Equitable Doctrine

Legal principles applied by courts to ensure fairness and justice, often used in cases where traditional laws might not provide a remedy.