Which of the following is true about excluded fringe benefits? You may select more than one...
Which of the following is true about excluded fringe benefits?
You may select more than one answer.
A: Excluded fringe benefits are generally not reported on the employee’s W-2.unanswered
B: Excluded fringe benefits are not generally a taxable part of employee pay.unanswered
C: They must be part of the employer’s cafeteria plan.unanswered
D: The cash value of excluded fringe benefits is always taxable.
Homework Answers
Option A and B are correct.
fringe Benefits are the additions to the compensation that the companies pay to their employees.Excluded fringe benefits are generally not reported on the employee’s W-2.Excluded fringe benefits are not generally a taxable part of employee pay
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