Which of the following statements regarding fringe benefits is false?
A. Nontaxable fringe benefits must be provided to employees on a nondiscriminatory basis.
B. The general rule is that an employee fringe benefit is taxable unless the benefit is specifically excluded from the employee's gross income.
C. Employers are not allowed to deduct the cost of nontaxable employee fringe benefits.
D. None of the above is false.
Answer: C
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________ is a key industrial marketing strategy in bidding to build large-scale industrial products such as dams, pipelines, etc
A) Systems contracting B) Systems buying C) Systems selling D) Solutions buying E) Turnkey logistics
P and S are members of an affiliated group that has filed consolidated tax returns for a number of years. The sale of inventory by P that was acquired from S in an intercompany transaction outside the affiliated group triggers the recognition of gain by S.
Answer the following statement true (T) or false (F)
Which is not a mandatory subject matter for good-faith bargaining?
a. wages b. hours c. vacations d. merit pay e. All of the above are mandatory subject matters.