Which of the following is not a requirement of a "qualified employee discount"?
A) The employee discount on goods is not greater than employer's average gross profit.
B) The discount on services doesn't exceed 20 percent of the price offered to customers.
C) The discount can be elected up to five times annually.
D) The discount relates to goods or services of the employer.

Question

Quizplus · Accepted Answer

The other three options are all requirements of a qualified employee discount according to IRS regulations. However, there is no limit on the number of times an employee can elect to use the discount.

Which of the Following Is Not a Requirement of a "Qualified