Complete the following statements regarding the tax consequences of fringe benefits.\ Ideally, a fringe benefit produces the favorable tax consequences of being \ the entity (employer) that provides the fringe benefit and \ the gross income of the taxpayer (employee) who receives the fringe benefit. From the perspective of the owner or owners of an entity, when the entity provides such favorably taxed fringe benefits to an owner, the benefits are paid for with \ dollars. In addition, the Code includes several statutory provisions that make the favorably taxed fringe benefit treatment available only to \ .