FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is a nontaxable de minimis fringe benefit? A Visa gift card of $ 3 5 received on an employee's birthday. A

Which of the following is a nontaxable de minimis fringe benefit?
A Visa gift card of $35 received on an employee's birthday.
A bottle of wine received as a holiday gift.
Full-time personal use of a company car during the length of employment.
An athletic club membership.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Explain how race, ethnicity, prejudice, discrimination, and stereotype threat might affect student learning and achievement in schools.

Answered: 1 week ago

Question

★★★★★
On January 13, 2010, Silverio Oil Company purchased a drilling truck for $45,000. Silverio expects the truck to last five years or 200,000 miles with an estimated residual value of $7,500 at the end...

Answered: 1 week ago

Question

★★★★★
4. A company is being offered credit terms 5/20, net 60 from its supplier. In order to take the discount, the firm will have to borrow the funds from the bank and pay interest at 14 percent. Should...

Answered: 1 week ago

Question

★★★★★
The tractor of a barrel train provides a tractive force of 193 lb. The 210-lb driver sits on the 850-lb engine. The tractor pulls 5 barrels; each 1.9-slug barrel holds a 45-lb kid and has a...

Answered: 1 week ago

Question

★★★★★
The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per kilogram. The actual production of the product in April was 870 units,...

Answered: 1 week ago

Question

★★★★★
The site manager is planning a different operational process for the in-store shoppers. Instead of having a shopper check out one order at a time, they will now shop for two customer orders, and then...

Answered: 1 week ago

Question

★★★★★
Many companies have shifted from traditional annual performance appraisals to frequent, constructive, and future-focused development reviews. Writing a 4-page paper to explain this. Expectancy theory...

Answered: 1 week ago

Question

★★★★★
1 . Is Ashley s redesign plan, with the above information, likely to benefit from an RFP

Answered: 1 week ago

Question

★★★★★
Tricolore is an apparel retailer in east Austin, TX that sells mostly t - shirts and jeans. Tricolore s most popular item is a cotton t - shirt that comes in three colors: green, white, and red....

Answered: 1 week ago

Previous Question Next Question