Match Each Statement with the Correct Term Below

question 43

Multiple Choice

Match each statement with the correct term below.
-De minimus fringe

• A)An employee may exclude up to $5,000 annually of these employer-provided services.
• B)If cash is received under this program, taxpayers are taxed on the amount of cash received.
• C)A salary reduction plan that allows employees to pay for medical and child care costs with before-tax dollars.
• D)A transfer of property without any profit motivation with an intention that includes affection, charity, and respect.
• E)Payments made into an employee's account are not taxable in the current period; taxation is deferred until funds are withdrawn.
• F)Employer provided benefit that may be excluded from income because the dollar amounts are too small for a reasonable accounting.

---

Definitions:

Series Connection

A type of circuit configuration where components are connected end-to-end, and the current flows through one component to get to the next.

Frequency Source

A device or system component that generates a signal of a specific frequency, used in electronic circuits for timing or control purposes.

Capacitive Reactance

The opposition to the change of voltage across an element, specifically in capacitors, in AC circuits.

Symbol

A sign or representation that stands for its object by virtue of a resemblance or analogy to it, often used in fields such as mathematics, electronics, and chemistry.