Asked by Melissa Shular on Jun 10, 2024
Verified
Working condition fringes include:
A) Professional organization dues paid by the employer.
B) Bonus earned by the employee.
C) The use of an employer-provided vehicle for business purposes.
D) Professional organization dues paid by the employer and the use of an employer-provided vehicle for business purposes.
Working Condition Fringes
These are non-taxable benefits provided by an employer for the benefit of the employee, related directly to the nature of the job.
Professional Organization Dues
Membership fees paid to belong to an organization related to one's professional field, which may be tax-deductible.
Employer-provided Vehicle
An employer-provided vehicle is a car or other vehicle that a company provides to its employees for their use, often as part of their compensation or benefits package.
- Identify and differentiate between various types of fringe benefits and their tax implications.
Verified Answer
Learning Objectives
- Identify and differentiate between various types of fringe benefits and their tax implications.
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