which of the following is a false statement? A. Stock options are a form of compensation...
which of the following is a false statement?
A. Stock options are a form of compensation that require no cash outlay by the corporate employer
B. Corporations can deduct nontaxable fringe benefits to the employee.
C. Employees can exclude the value of health and accident insurance coverage provided by their employers.
D. All of the above are true statements.
Homework Answers
The correct answer for the question is Option D - All of the above are true statements. This statement is the correct answer because the other 3 statements are true.
Option A is incorrect as Stock options are provided by the company to its employees where the employees get a right of purchase of shares of the employer company's stock. As such, there is no cash outlay by the corporate employer in such stock options.
Option B is incorrect. This statement is true . Corporations are allowed to deduct nontaxable fringe benefits provided to the employee.
Option C is incorrect. The value of health and accident insurance coverage paid by employers for their employees can be excluded from the gross income of the employee. As such, this is a true statement as well.
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