Which of the following is correct?  a) Fringe benefits are always subject to fringe benefit tax. b) The monetary value of benefits given in cash is 50% of the cash paid. c) Rank and file employees may be subject to fringe benefit tax. d( Managerial and supervisory employees are subject to fringe benefit tax.

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter9: Payroll, Estimated Payments, And Retirement Plans
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Which of the following is correct? 
a) Fringe benefits are always subject to fringe benefit tax.
b) The monetary value of benefits given in cash is 50% of the cash paid.
c) Rank and file employees may be subject to fringe benefit tax.
d( Managerial and supervisory employees are subject to fringe benefit tax.
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