Question

In: Accounting

IRC §132(e) defines this fringe benefit as any property or service provided by an employer to...

IRC §132(e) defines this fringe benefit as any property or service provided by an employer to an employee that is so small in value that it makes accounting for it unreasonable or administratively impracticable when taking into account the frequency that similar fringes are provided by the employer to employees. What type of fringe benefit is this?

a. De Minimis.

b. Working condition fringe.

c. Employee benefit.

d. No additional cost fringe.

Solutions

Expert Solution

answer ) a. De Minimis-

De Minimis fringe benfit include any benefit as any property or service provided by an emploer to an employee that is so small in value that it makes accounting fori\ its unreasonable when taking into account

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

What are some types of fringe benefits covered by Sec. 132? What is the tax benefit...
What are some types of fringe benefits covered by Sec. 132? What is the tax benefit of such fringe benefits? What happens if the plan is discriminatory?
As a fringe benefit for the past 8 years, Colin's employer has contributed $50 at the...
As a fringe benefit for the past 8 years, Colin's employer has contributed $50 at the end of each month into an employee retirement account for Colin that pays interest at the rate of 8%/year compounded monthly. Colin has also contributed $2,000 at the end of each of the last 4 years into an IRA that pays interest at the rate of 10%/year compounded yearly. How much does Colin have in his retirement fund at this time? ​ a. $15,975.43...
One of the major measures of the quality of service provided by any organization is the...
One of the major measures of the quality of service provided by any organization is the speed with which the organization responds to customer complaints. A large family-held department selling furniture and flooring, including carpet, had undergone a major expansion in the past several years. In particular, the flooring department had expanded from 2 installation crews to an installation supervisor, a measurer, and 15 installation crews. During a recent year, the company got 50 complaints concerning carpet installation. The following...
One of the major measures of the quality of service provided by any organization is the...
One of the major measures of the quality of service provided by any organization is the speed with which the organization responds to customer complaints. A large family-held department selling furniture and flooring, including carpet, had undergone a major expansion in the past several years. In particular, the flooring department had expanded from 2 installation crews to an installation supervisor, a measurer, and 15 installation crews. During a recent year, the company got 50 complaints concerning carpet installation. The following...
One of the major measures of the quality of service provided by any organization is the...
One of the major measures of the quality of service provided by any organization is the speed with which the organization responds to customer complaints. A large family-held department selling furniture and flooring, including carpet, had undergone a major expansion in the past several years. In particular, the flooring department had expanded from 2 installation crews to an installation supervisor, a measurer, and 15 installation crews. During a recent year, the company got 50 complaints concerning carpet installation. The following...
One of the major measures of the quality of service provided by any organization is the...
One of the major measures of the quality of service provided by any organization is the speed with which it responds to customer complaints. A large family-held department store selling furniture and flooring, including carpet, had undergone a major expansion in the past several years. In particular, the flooring department had expanded from 2 installation crews to an installation supervisor, a measurer, and 15 installation crews. The store had the business objective of improving its response to complaints. The variable...
One of the major measures of the quality of service provided by any organization is the...
One of the major measures of the quality of service provided by any organization is the speed with which it responds to customer complaints. A large family-held department store selling furniture and flooring, including carpet, had undergone a major expansion in the past several years. In particular, the flooring department had expanded from 2 installation crews to an installation supervisor, a measurer, and 15 installation crews. The store had the business objective of improving its response to complaints. The variable...
One of the major measures of the quality of service provided by any organization is the...
One of the major measures of the quality of service provided by any organization is the speed with which it responds to customer complaints. A large family-held department store selling furniture and flooring, including carpet, had undergone a major expansion in the past several years. In particular, the flooring department had expanded from 2 installation crews to an installation supervisor, a measurer, and 15 installation crews. Last year, there were 50 complaints concerning carpet installation. The following data, also in...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT