The amount of cash fringe benefits received under a cafeteria plan is taxable to an employee.
Answer the following statement true (T) or false (F)
True
Under a cafeteria plan, only the statutory nontaxable fringe benefits will be excluded; cash receipts are taxable.
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In attributes sampling, a 10% change in which of the following factors normally will have the least effect on the size of a statistical sample?
A. Expected population deviation rate. B. Desired Confidence Interval. C. Population size. D. Tolerable deviation rate.
What are the two broad core ethical ideals of the Caux Principles for Responsible Business?
a. human dignity and collectively seeking the common good b. human dignity and the worldwide implementation of just laws c. freedom of action and freedom of information d. collectively seeking the common good and worldwide implementation of just laws
Bill's car broke down on a dark, rainy night. Along came Andy in his service station's four-wheel drive truck with tools and supplies in the back. Bill didn't have any credit cards and only $3.25 cash, so Andy told him to write a check or an IOU. Neither Andy nor Bill had any paper, so Bill wrote on the cover of Andy's lunchbox: "If my car is fixed right by Andy Walcott, I will pay him $150
(Signed) Bill Boyd." Andy indorses the note and takes it to a commercial factor for negotiation. The factor refuses, saying it is non-negotiable because it: a. is written on a lunchbox. b. is conditional on satisfactory repair of the car. c. mentions the existence of a contract to repair the car. d. All of these. e. None of these.
For tax purposes, using MACRS recovery periods, assets in the first four property classes are depreciated by the double-declining balance method using the half-year convention and switching to straight line when advantageous
Indicate whether the statement is true or false