8. S1: Fringe benefit that is exempt from fringe benefit tax is likewise exempt from any other form of income tax. S2: Any amount given by the employer as de minimis to its employees, shall not constitute as deduction upon such employer. Group of answer choices a. Only S1 is true c. Both are true d. Both are false b. Only S2 is true
8. S1: Fringe benefit that is exempt from fringe benefit tax is likewise exempt from any other form of income tax. S2: Any amount given by the employer as de minimis to its employees, shall not constitute as deduction upon such employer. Group of answer choices a. Only S1 is true c. Both are true d. Both are false b. Only S2 is true
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 1BCRQ
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Question
8.
S1:
S2: Any amount given by the employer as de minimis to its employees, shall not constitute as deduction upon such employer.
Group of answer choices
a. Only S1 is true
c. Both are true
d. Both are false
b. Only S2 is true
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