Rick chose the following fringe benefits under his employer's cafeteria plan. Which of his chosen benefits will be taxable?

A. medical insurance on his family
B. group term life insurance coverage of $20,000
C. $150 cash per pay period
D. dental insurance


Answer: C

Business

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A. A legally binding document that describes the terms of employment (e.g., wages hours, working conditions). B. An agreement between management and labor that loosely states the rules they will each try to abide by in the workplace. C. A legally binding agreement between employees and their union representatives that outlines the scope of the union's authority. D. A voluntary but not legally binding agreement between employees and their union representatives that outlines the terms of employment.

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Indicate whether the statement is true or false

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a. Nominal b. Ordinal c. Interval d. Ratio

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