Multiple Choice
What is the primary difference between the lease-value rule and the commuter rule as they pertain to the valuation of a company car fringe benefit?
A) The lease-value rule must be used for IRS reporting.
B) The commuter rule considers all mileage driven as personal.
C) The lease-value rule is only for internal company use.
D) The commuter rule forbids personal use of the company vehicle.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: What is true about long-term disability insurance?<br>A)It
Q24: Under the Affordable Care Act, what are
Q25: As a general rule, when should the
Q26: The primary difference between pre-tax and post-tax
Q27: What options do employers have regarding taxable
Q29: According to Bureau of Labor Statistics, what
Q30: What is the purpose of pre-tax deductions?<br>A)To
Q31: The purpose of fringe benefits is to
Q32: Specific fringe benefit exclusion rules are found
Q33: What differentiates Flexible Spending Accounts (FSAs) and