Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The personal use of an employer-provided cell phone will be treated as a de minimis fringe benefit. Some of the premium flagship phones available in

The personal use of an employer-provided cell phone will be treated as a de minimis fringe benefit. Some of the premium flagship phones available in the market range from $1,500 onward.

Is it justifiable to include such premium phones as de minimis fringe benefit considering the fact a significant tax revenue can be earned by the government?

Should there be a dollar cap on this type of nontaxable fringe benefit?

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_2

Step: 3

blur-text-image_3

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

Security Audit And Control Features SAP ERP

Authors: Deloitte Touche Tohmatsu Research Team And Isaca

3rd Edition

1604201150, 978-1604201154

More Books

Students also viewed these Accounting questions

Question

assess the infl uence of national culture on the workplace

Answered: 1 week ago