Podcast
Questions and Answers
Which of the following is considered a taxable fringe benefit?
Which of the following is considered a taxable fringe benefit?
- Membership fees paid by the employee for a social club
- Contributions made by the employer to the employee's retirement plan
- Christmas bonus given to all employees
- A household maid provided by the employer (correct)
What is the tax rate for taxable fringe benefits received by a managerial or supervisorial employee who is a resident citizen?
What is the tax rate for taxable fringe benefits received by a managerial or supervisorial employee who is a resident citizen?
- Subject to the 90,000 limit
- 20% - 35% (graduated rates)
- 25% final tax
- 35% final tax (correct)
Which of the following is considered a non-taxable fringe benefit?
Which of the following is considered a non-taxable fringe benefit?
- Fringe benefits authorized and exempted from tax under special laws (correct)
- A vehicle of any kind provided by the employer
- Educational assistance provided by the employer for the employee's dependents
- Interest on a loan provided by the employer at a lower rate than the market rate
For rank-and-file employees, what is the tax treatment of fringe benefits that exceed the $90,000 limit?
For rank-and-file employees, what is the tax treatment of fringe benefits that exceed the $90,000 limit?
What is the monetary value of a cash fringe benefit?
What is the monetary value of a cash fringe benefit?
Which of the following is considered a taxable fringe benefit for a non-resident alien not engaged in trade or business?
Which of the following is considered a taxable fringe benefit for a non-resident alien not engaged in trade or business?
What is the primary purpose of distinguishing between a rank-and-file employee and a managerial or supervisorial employee?
What is the primary purpose of distinguishing between a rank-and-file employee and a managerial or supervisorial employee?
According to the given information, which of the following statements about managerial employees is true?
According to the given information, which of the following statements about managerial employees is true?
Which of the following characteristics best describes a rank-and-file employee?
Which of the following characteristics best describes a rank-and-file employee?
Based on the information provided, which of the following statements is true about supervisory employees?
Based on the information provided, which of the following statements is true about supervisory employees?
What is the primary characteristic that distinguishes a fringe benefit from regular salary?
What is the primary characteristic that distinguishes a fringe benefit from regular salary?
According to the information provided, which of the following statements is true about managerial and supervisorial employees?
According to the information provided, which of the following statements is true about managerial and supervisorial employees?
