Question
1) The IRS allows the exclusion of the value of meals from the employees gross income: A. Whenever the employer pays for the meal and
1) The IRS allows the exclusion of the value of meals from the employees gross income:
A. | Whenever the employer pays for the meal and for the convenience of the employee. | |
B. | When the meals are provided for the employee on the employers premises for the convenience of the employer. | |
C. | When the meals are provided for the employee on the employers premises for the convenience of the employee. | |
D. | When the meals are provided for the employee on the employers premises as a convenience to the employee. | |
E. | Some other answer. |
2) Which of the following types of interest income are taxable for Federal income tax purposes?
A. | Interest on life insurance proceeds that the beneficiary elected to receive in installments over a 10-year period. | |
B. | some other answer. | |
C. | Interest on Los Angles City School bonds. | |
D. | Interest on the City of New Orleans bonds. | |
E. | Interest on State of Kansas bonds. |
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