A favorably taxed fringe benefit is deductible by the employer and is excludible from the gross income

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A favorably taxed fringe benefit is deductible by the employer and is excludible from the gross income of the employee. To what extent is this statement correct?

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Sep 09, 2015 07:02 AM

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A favorably taxed fringe benefit is deductible by the employer and is excludible from the gross income

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The statement describes the most favorable type of fringe benefit available tax wise For example me...View the full answer

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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