1. An allowance paid to an employee for using his personal automobile for employment purposes must be based on kilometers in order to be considered reasonable

	True
	False

2. Employer payments to private healthcare plans are not taxable benefits and any benefits received under such plans are also non-taxable.

Question 9 options:

	True
	False

3. A table benefit assessed to employees whose employers pay the operating costs of an automobile provided to the employee.

Operating Cost Benefit, In-The Money, Out-Of-The-Money

4. A term that is used to describe stock options where the option price exceeds the market value.

Operating Cost Benefit, In-The Money, Out-Of-The-Money

5. A term that is used to describe stock options where the fair market value of the stock exceeds the option price.

Operating Cost Benefit, In-The Money, Out-Of-The-Money

Course- Introduction to taxation