Which of the following is an example of a completely non-taxable fringe benefit for Lori, an employee
Question:
Which of the following is an example of a completely non-taxable fringe benefit for Lori, an employee of WORK, Inc.? WORK owns a division that operates an airline and another division that owns vacation resorts. Lori works for the airline division.
a. Group term life insurance of $200,000
b. Reimbursement of $225 for her subscription to Air Travel Business Journal
c. Free lodging at a resort in Florida when the resort had an occupancy rate of 65%
d. Free use of a company-owned vehicle for three weeks while her car was being repaired
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The correct answer is Reimbursement of 225 for her subscription to Air Travel Bus...View the full answer
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Related Book For 
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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