Which of the following fringe benefit does not impose a limit on the amount eligible as a tax-free benefit?
A) A child and dependent care program
B) Group term life insurance premiums
C) Education assistance plan
D) Excess capacity services,
E)g. unsold airplane seats

Question

Quizplus · Accepted Answer

Excess capacity services, such as unsold airplane seats, do not impose a limit on the amount eligible as a tax-free benefit. The other options listed have maximum limits on the amount that can be tax-free, such as the maximum amount of child and dependent care expenses that can be excluded or the maximum amount of employer-provided educational assistance that can be excluded.

Which of the Following Fringe Benefit Does Not Impose a Limit