Multiple Choice
Which of the following fringe benefits is taxable to the employee receiving the benefit?
A) A subscription to a tax journal provided by the employer to a corporation's tax accountant
B) A small discount on toys granted to the salesperson for a toy store
C) Incidental use of the company's copier by an office worker
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
Correct Answer:

Verified
Correct Answer:
Verified
Q25: Indicate whether each of the items listed
Q26: Jack is a lawyer and Jeri is
Q27: Interest earned on bonds issued by a
Q28: Helga receives a $300,000 life insurance payment
Q29: Which of the following is nontaxable income
Q31: Amounts received as scholarships for books and
Q32: Elsie received the following distributions from
Q33: Answer the following questions regarding the taxability
Q34: Qualified dividends are given special tax treatment.
Q35: Van is sick and tired of his