Solution-Which fringe benefit can be excluded from gross

Which fringe benefit can be excluded from gross income

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Reference no: EM133006167

Problem 1: Which of the following 2:1 stock splits are excluded from gross income?

Option 1: 2:1 stock split with option to take property

Option 1: 2:1 stock split with option to take cash

Option 1: 2:1 stock split with no option to take cash or property

Option 1: All the above are excluded.

Option 1: None of the above are excluded.

Problem 2: Which fringe benefit can be excluded from gross income if it (1) is furnished by the employer, (2) is on the employer's business premises, (3) is for the employer's convenience, but (4) is not a requirement in accepting employment?

Option 1: Meals

Option 2: Lodging

Option 3: Both meals and lodging

Option 4: Neither meals and lodging

Reference no: EM133006167

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Which fringe benefit can be excluded from gross income

Reference no: EM133006167

Reference no: EM133006167

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