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:

Psychosurgery

A medical procedure that involves operating on the brain to treat mental illness or abnormal behavior, now rare due to advancements in psychiatric medication and therapies.

Trephining

Trephining, or trepanation, is an ancient surgical intervention that involves drilling or scraping a hole into the human skull, historically performed for medical and ritualistic purposes.

Antipsychotic Drugs

Medications used to treat symptoms of psychotic disorders, such as schizophrenia and bipolar disorder, by altering brain chemistry.

Deinstitutionalization

The process of reducing or eliminating reliance on institutional care (like psychiatric hospitals) for individuals with mental illness in favor of community-based services.