Explain the tax consequences to the employer and employee, Ask an Expert

Accounting

1. Why are fringe benefits provided by employers to employees more valuable to those employees than if the employer simply gave the employees the money necessary to purchase those fringe benefits?

2. Under ERISA, what is a " plan"?

3. describe the tax consequences to the employer and employee of employer-provided life insurance fringe benefits.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945770

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