Which of the following is true about fringe benefits? A. They represent additional cash paid directly to
Question:
Which of the following is true about fringe benefits?
A. They represent additional cash paid directly to employees.
B. They are only available for employees.
C. They represent additional compensation given for services performed.
D. The amount of the fringe benefit is never subject to income tax.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
C They represe...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Payroll Accounting 2017
ISBN: 978-1259572180
3rd edition
Authors: Jeanette Landin, Paulette Schirmer
Question Posted:
Students also viewed these Business questions
-
Choose the best answer. 1. Which of the following helps identify the existence of a fiduciary relationship? a. The reporting entity does not control the assets. b. The assets are derived from the...
-
(Multiple Choice) 1. Which of the following is classified as an accrued payroll liability? Federal Income Employees Share Tax Withheld of F.I.C.A. Taxes a. No ............Yes b. No ............ No c....
-
1. A local citizen gives a not-for-profit organization a cash donation that is restricted for research activities. The money should be recorded in a. Unrestricted Net Assets. b. Temporarily...
-
What are due process and stare decisis, and why are they important?
-
Explain how super-antigens, such as toxic shock syndrome toxin produced by Staphylococcus aureus, often lead to the development of life-threatening symptoms in an infected individual.
-
Garcia Company has 10,000 units of its product that were produced last year at a total cost of $150,000. The units were damaged in a rainstorm because the warehouse where they were stored developed a...
-
Imagine you are working for a company that sells teleconferencing equipment. Draft a value proposition for selling your equipment to a sales manager who has ten salespeople traveling two weeks a...
-
Sweeney & Allen, a large marketing firm, adjusts its accounts at the end of each month. The following information is available for the year ending December 31. 1. A bank loan had been obtained on...
-
+ 2 of 3 Required information [The following information applies to the questions displayed below.] Ries, Bax, and Thomas invested $54,000, $70,000, and $78,000, respectively, in a partnership....
-
Two cards are drawn in succession from a deck without replacement. What is the probability that both cards are greater than 2 and less than 8?
-
What are two examples of voluntary deductions?
-
Which of the following is/are examples of fringe benefits? A. Education assistance B. Shopping club membership C. Vacation discounts D. Retirement planning services
-
Why is strategic audit recommended in case study analysis for students?
-
A construction company sells a house with a FMV of $ 600 comma 000 to a shareholder of the corporation for $ 475 comma 000. The shareholder is liable for income tax on the $ 125 comma 000 difference....
-
If an individual shareholder of a corporation, who is in the business of lending money, receives a loan from the corporation with terms that are equivalent to that of clients, the principal amount...
-
Reword the following Selling a property is one of the biggest financial transactions you'll make, at OBrien Real Estate we aim to take the stress out of the equation and deliver a result over and...
-
Deluxxe Burgers operates four restaurants in the Washington, DC area. Use the following data to calculate ROI using the DuPont method to compare the performance of the four restaurants. Congress...
-
___ is considered by your book to be a "major area of vulnerability" because ______ Accounts receivable; even when sales are good, if payment related to those sales is delayed a business can run out...
-
You are balancing a wrench by suspending it at a single point. Is the equilibrium stable, unstable, or neutral if the point is above, at, or below the wrenchs center of gravity? In each case give the...
-
Discuss the information available from the following techniques in the analysis of inorganic pigments used in antique oil paintings: (i) Powder X-ray diffraction, (ii) Infrared and Raman...
-
What is a personal allowance? What was the amount of a personal allowance for 2016?
-
Orrin DAmato, single, participates in his firms pension retirement plan. This year, his modified adjusted gross income will be about $75,000. How much of his compensation may DAmato contribute to an...
-
Are employer contributions into employees health savings accounts taxed as earnings of the employees?
-
Suppose you were interested in studying the quality of conditions within a prison. What indicators would you measure to give the clearest picture of the realities of prison life? Cite the below...
-
On March 31, 2023, Panda Co. assessed its assets for impairment as part of its year-end procedures. It was found that equipment had a recoverable value of $15,000, a remaining useful life of three...
-
Petty's comparative balance sheets at December 31, 2020, and December 31, 2019, report the following (in millions). (Click the icon to view the comparative balance sheets.) Requirements Below are...
Study smarter with the SolutionInn App