Which of the following is not an example of a taxable fringe benefit?
A)Personal use of corporate jet
B)$1,000,000 group-term life insurance policy
C)$225 of monthly employer-provided parking
D)Automobile allowance

Question

Quizplus · Accepted Answer

Fringe benefits are generally considered taxable unless explicitly excluded by the tax code. In this case, employer-provided parking benefits up to $280 per month (as of 2022) are not taxable, making option C the correct answer as it falls below this threshold.

Which of the Following Is Not an Example of a Taxable