Evaluate the Following Statements: I

Multiple Choice

Evaluate the following statements: I.De minimis fringe benefits are those that are so immaterial that accounting for them is impractical.
II) De minimis fringe benefits are subject to strict antidiscrimination requirements.
III) Generally, a fringe benefit of less than $50 is considered de minimis and can be excluded from gross income.

A) Only I is true.
B) Only III is true.
C) Only I and III are true.
D) I, II, and III are true.
E) None of these.