Able Corporation is a closely held company Engaged in the manufacture and retail sales of automotive parts . Able maintains a qualified pension plan for its Employees but has not offered nontaxable fringe benefits . You are a tax consultant for the company who has been asked to prepare suggestions for the adoption of an employee fringe benefit plan . Your discussions with the client's chief financial officer reveal the following* I'mplayers currently pay their own premiums for medical and health insurance . . No group term life insurance is provided . . The company owns a vacant building that could easily be converted to a parking garage Many of the employers purchase automobile parts from the company's retail outlets and pay retail price . The president of the corporation would like to provide a dependent care assistance PICKran under GEE . 125 for it's Employees . Required. Prepare a client memo that recommends the adoption of an employer fringe*