Multiple Choice
Which of the following fringe benefits for meals is subject to the 50% deduction limit?
A) Meals furnished to your employees at the work site when you operate a restaurant
B) Meals furnished to your employees as part of the expense of a company picnic
C) Meals furnished to your employees at your place of business when more than half of these employees are provided the meals for your convenience
D) Meals furnished to a customer during a business discussion
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Bob Moon forms Moon Enterprises LLC (Limited
Q31: Corporations generally must make estimated tax payments
Q32: Josephine Jones, an Enrolled Agent, received a
Q33: A fiduciary representing a dissolving corporation may
Q34: Mrs) Domino made deductible contributions to traditional
Q35: To maintain active enrollment to practice before
Q36: Croaker, Inc. is a taxable domestic corporation.
Q38: Which of the following items are generally
Q39: Mark is an accrual basis taxpayer. He
Q40: Supplemental wages are compensation paid in addition