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26 September, 01:00

Which of the following are not excludable as an employee fringe benefit? a. Public transportation costs of $130 per month provided by the employer b. Employee deductions of $4,200 for dependent childcare expenses c. An employee discount that permits the sale of merchandise to employees for just over cost d. Premiums for up to $50,000 of group term life insurance e. All of these choices are excludable as an employee fringe benefit.

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  1. 26 September, 01:11
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    Answer: E. All of these choices are excludable as an employee fringe benefit.

    Explanation: From the above question, employees fringe benefit includes: 1. Public transportation costs of $130 per month provided by the employer

    2. Employee deductions of $4,200 for dependent childcare expenses 3. An employee discount that permits the sale of merchandise to employees for just over cost 4. Premiums for up to $50,000 of group term life insurance.
  2. 26 September, 04:14
    0
    e.) All of these choices are excludable as an employee fringe benefit.

    Explanation:

    Fringe benefits are additional benefits provided by employers to their employees apart from their salaries or wages, some of this benefits are compulsory by law such as security and health insurance while some are not. Fringed benefits are not taxed provided a set of conditions are met. There are a variety of types of employee fringe benefits, such as:

    Transportation cost such as payment of Public transportation costs of $130 per month Childcare such as employee deductions of $4,200 for dependent childcare expenses Employee discounts such as those that permits the sale of merchandise to employees for just over cost Retirement planning services such as premiums for up to $50,000 of group term life insurance Medical insurance Housing allowance Use of a company car Vacation pay Education assistance Free breakfast and lunch Employee stock options,
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