Which of the Following Entities Can Provide Fringe Benefits to Owner/employees

question 54

Multiple Choice

Which of the following entities can provide fringe benefits to owner/employees that are not taxable to the owner/employee?
I.Sole proprietorships
II.S corporations
III.Partnerships
IV.Corporations
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• A)Statements I and II are correct.
• B)Statements II, III and IV are correct.
• C)Statements II and IV are correct.
• D)Only statement IV is correct.
• E)Statements I and III are correct.

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Definitions:

Relative Clause

A part of a sentence that modifies a noun and begins with a relative pronoun, like 'who', 'which', or 'that'.

Connective

In logic and mathematics, a symbol or word used to connect statements or propositions, such as "and", "or", "if...then".

Restrictive

Imposing limitations or conditions on something's scope, use, or extent.

Nonrestrictive

Describing a clause or phrase that provides additional information without limiting the meaning of the sentence.