Which of the following is a fringe benefit excluded from income? a. A mechanic at Denises employer,

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Which of the following is a fringe benefit excluded from income?

a. A mechanic at Denise’s employer, a car rental company, provides $1,000 of repair services to Denise’s personal car for free.

b. Alfa-Bet, a high-tech corporation, pays for each employee’s membership at the 24 Hour Biceps Gym closest to each Alfa-Bet office.

c. Quickchat Inc. gives each employee a $10 giftcard to the local coffee shop on National Coffee Day.

d. Hedaya, a doctoral student at Ivy University, receives a full tuition waiver while serving as research assistant.

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Mar 02, 2019 05:15 AM

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Which of the following is a fringe benefit excluded from income? a. A mechanic at Denises employer,

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Income Tax Fundamentals 2019

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