Harry Is a CPA Employed as a Manager by a Regional

question 85

Multiple Choice

Harry is a CPA employed as a manager by a regional accounting firm.The firm pays Harry's dues to professional organizations and $175 monthly for her personal parking place at the office.Only managers and partners receive these benefits.
I.Both payments are working condition fringe benefits.
II.These benefits are excludable for Harry even though they discriminate in favor of higher-paid employees.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Cultural Instruments

Tools or devices developed within specific cultural contexts used to produce music, art, or perform tasks that reflect the cultural heritage.

Collective

A group that shares or is motivated by at least one common issue or interest, or that works together to achieve a common objective.

Systemic

Pertaining to or affecting the entire body or an entire system, often used in the context of systemic issues like racism or inequality that pervade all levels of society.

Dominant Structures

Refers to the overarching systems and institutions in society that hold the most power and influence over societal norms, values, and policies.