a. What are the seven major types of fringe benefits covered by Sec. 132?

b. What tax advantage is offered relative to such benefits?

c. Are such benefits available to employees only or may the benefits also be offered to spouses, dependents, and retirees?

d. Is discrimination prohibited relative to Sec. 132 benefits?

e. What is the tax impact on the employer and employees if an employers plan is discriminatory?

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