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Part $1$

Answer the$$ following:

What are the seven major types of fringe benefits covered by Sec.$132?$

What tax advantage is offered relative to such$$ benefits?

Are such benefits available to employees only or may the benefits also be offered to$$ spouses, dependents, and$$ retirees?

Is discrimination prohibited relative to Sec. $132$ benefits?

What is the tax impact on the employer and employees if an$$ employer's plan is$$ discriminatory?

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Part $1$

a$.$ & c$.$ What are the seven major types of fringe benefits covered by Sec.$132?$ Are such benefits available to employees only or may the benefits also be offered to$$ spouses, dependents, and$$ retirees?

Start by selecting the seven major types of fringe benefits. Then select who the benefit is available to$.$

Fringe benefits

Who benefits?

$$

Fringe benefits first row label input

$$

Beneficiary first row label input

Qualified employee discounts

Fringe benefits second row label input

Employees, spouses, dependents, and retirees

Beneficiary second row label input

Working condition benefits

Fringe benefits third row label input

Employees only

Beneficiary third row label input

De minimis benefits

Fringe benefits fourth row label input

Employees, spouses, dependents, and retirees

Beneficiary fourth row label input

Qualified transportation and parking fringes

Fringe benefits fifth row label input

Employees only

Beneficiary fifth row label input

$$

Fringe benefits sixth row label input

$$

Beneficiary sixth row label input

Athletic facilities

Fringe benefits seventh row label input

Employees, spouses, dependents, and retirees