Multiple Choice
George's cafeteria plan allows him to select fringe benefits equal to 10 percent of his annual salary of $75,000.Which of the following would be taxable if selected?
A) $4,000 health insurance premium
B) $5,000 of childcare under a dependent care program
C) $1,500 country club membership
D) Discount on company products equal to the gross profit percentage.
Correct Answer:
Verified
Correct Answer:
Verified
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