posit for their pay. C. The fringe benefit must be subject to income tax. D. The amount of the deduction must be listed on the employee's pay advice. 2. The ________ determines when benefit amoun

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 13DQ
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Question

. If a fringe benefit involves a deduction from employee pay, which of the following is true?

A. Employers may only offer the benefit to certain classes of employees.

B. The employee must enroll in direct deposit for their pay.

C. The fringe benefit must be subject to income tax.

D. The amount of the deduction must be listed on the employee's pay advice.

2. The ________ determines when benefit amounts should be withheld from employee pay.

A. employee

B. employer

C. IRS

D. State in which the business is conducted

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