Which of the following is not a true statement?

Multiple Choice

A$.$ For shareholder$-$employees who own $2$ percent or less of the entity, the S corporation gets a tax deduction for qualifying fringe benefits, and the benefits are nontaxable to the employees.

b$.$ For shareholder$-$employees who own more than $2$ percent of the S corporation, the S corporation gets a tax deduction, but the otherwise qualifying fringe benefits are taxable to the shareholder$-$employees who own more than $2$ percent.

C$.$ S corporation owners who also work for the S corporation have a tax incentive to pay themselves a low salary.

D$.$ An S corporation shareholder's allocable share of ordinary business income $($loss$)$ is not classified as self$-$employment income for tax purposes.

E$.$ None of the choices are false.