Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

all of them 63. Travel to and from home to a second job is tax deductible. A)True B)False of children's daycare center must be located

image text in transcribed
all of them
63. Travel to and from home to a second job is tax deductible. A)True B)False of children's daycare center must be located at the employer's place of business to be tax-deductible to the A)True B)False 65. An employer gets more benefit for each dollar spent on a dependent care assistance plan as opposed to cash compensation A)True B)False 66. Employer reimbursement of an employee's expenses for educating the employee's children is considered taxable income to the employee. A)True B)False 67. An advantage of an educational assistance plan is that employers can benefit from improvement in employee skills. A) True B)False 68. Expenses of a legal services plan are tax-deductible for the employer. A) True B)False 69. The dollar value of employer-provided legal services is considered taxable income to the employee. A)True B)False 70. A loan to an executive provides tax advantages to the employer who makes the loan. A)True B)False 71. An executive loan is considered a welfare benefit plan under ERISA. A)True B)False 72. If an employer purchases a relocated employee's old home to prevent the employee from getting below market price due to a forced sale, the amount above fair market value that the employee receives can be deen additional compensation. A)True B)False 73. Deductible moving expenses include reasonable costs for all of the following, except a cost of moving household pets b. home improvements to sell old house c. storage and insurance for personal property for a 30-day period after vacating old residence d. expenses incurred in travel to new home 74. A VEBA can be set up as either a trust or a corporation. A)True B)False 75. Use of a VEBA reduces the number of ERISA requirements that must be met. A) True B)False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Accounting questions