Which of the following fringe benefits is taxable to the employee receiving the benefit? a. A small discount on toys granted to the salesperson for a toy store b. Incidental use of the company's copier by an office worker c. A subscription to a tax journal provided by the employer to a corporation's tax accountant d. A 15 percent discount on investment real estate granted to the employee of a real estate developer e. All of the above are tax-free

Answer: E. All of the above are tax - free.

Explanation:

Fringe Benefits are the added compensations provided by an employer of labor to serve as motivation for employees. Fringe Benefits can be taxable or not. Tax -

Free fringe benefits are those removed from the employee's income. Some of them are; Achievement Awards, Athletic Facilities, De Minimis Benefits, Employee discounts, No - additional - cost services, Working condition benefit, etc.

In the list of options provided,

1. A small discount on toys granted for a salesperson for a toy store falls under employee discount which is a tax - free.

2. Incidental use of the company's copier by an office worker is a No -

additional - cost service which is equally tax - free.

3. A subscription to a tax journal provided by the employer to a corporation's tax accountant is needed for his job to progress effectively. It is a working condition benefit which is tax - free.

4. A 15% discount on investment real estate granted to the employee of a real estate developer is also an employee discount which is tax - free.