Match Each Statement with the Correct Term Below

question 35

Multiple Choice

Match each statement with the correct term below.
-Working condition fringe

• 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:

Normative Economics

The branch of economics that focuses on what ought to be or what should happen, emphasizing value judgments about economic policies.

Automobile Emissions

The pollutants released into the atmosphere by motor vehicles running on fossil fuels.

Post Hoc, Ergo Propter Hoc

A logical fallacy that assumes a cause-and-effect relationship merely because one event followed another.

Unemployment Rate

The fraction of the workforce that is without a job and is actively searching for one.