Under what condition is the fringe benefit of a gym membership taxable?
Under what condition is the fringe benefit of a gym membership taxable?
Multiple Choice
When the employer has on-site facilities that are restricted to employee use.
Gym memberships are always taxable.
When the employer offers membership to an off-site club at no additional cost to the employee.
When the employer has on-site facilities that are open to and used primarily by non-employees.
Homework Answers
c.when employer offers membership to an off site club at no additional cost to the employee.
(this can be selected).
offsite memberships paid by employees are usually taxed as fringe benefits.
When employees has on site facilities that are restricted to employee use, they will not be taxed as fringe benefits.
Gym memberships are not always taxable.
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Under what condition is the fringe benefit of a gym membership taxable?
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