Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a. what are the seven major types of fringe benefi

a. What are the seven major types of fringe benefits covered bySec. 132?b. What...a....

80.2K

Verified Solution

Question

Accounting

a. What are the seven major types of fringe benefits covered bySec. 132?

b. What tax advantage is offered relative to such benefits?

c. Are such benefits available to employees only or may thebenefits also be offered to spouses, dependents, and retirees?

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

e. What is the tax impact on the employer and employees if anemployer’s plan is discriminatory?

Original answer please. NO COPY AND PASTE

Answer & Explanation Solved by verified expert
3.8 Ratings (509 Votes)
a Seven major fringe benefits under sec 132 NoAdditionalCost Service Qualified Employee Discount Working Condition Fringe De Minimis Fringe Qualified Transportation Fringe Qualified Moving Expense Reimbursement Qualified Retirement Planning    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: Accountinga. What are the seven major types of fringe benefits covered bySec. 132?b. What...a. What are the seven major types of fringe benefits covered bySec. 132?b. What tax advantage is offered relative to such benefits?c. Are such benefits available to employees only or may thebenefits also be offered to spouses, dependents, and retirees?d. Is discrimination prohibited relative to Sec. 132benefits?e. What is the tax impact on the employer and employees if anemployer’s plan is discriminatory?Original answer please. NO COPY AND PASTE

Other questions asked by students

Q

Let A, B, and C be independent random variables, uniformly distributed over [0,6],[0,11], and [0,2] respectively....

Basic Math
Q

Which one of these can be included in an introduction paragraph to grab the readers'...

Biology
Q

The vertical motion of a ship at sea is described by equation d y dt...

Physics
Q

Give the rule of the function shown below that has the form f x log...

Algebra
Q

Pharoah Company is presently testing a number...

Accounting
Q

In its first year of operations, Grace Company reports the following: Earned revenues of $60,000($52,000...

Accounting
Q

E8.4 Uncollectible accounts are expected to...

Accounting
Q

70 iring KLM Inc 2018 statement of comprehensive Income Net Sales $3,685 Cost of goods...

Accounting
Q

Bob Avery's weekly gross earnings for the present week were $2,780. Avery has three exemptions....

Accounting
Q

Shadee Corporation expects to sell 570 sun shades in May and 400 in June. Each...

Accounting
Q

Profit and Loss Statement Instructions Give careful thought to the headings. Expand the sales income...

Accounting
Q

bonnie jo used two assets during the current year. the first was computer equipment with...

Accounting