Every year, Teal Corporation gives each employee a turkey and a bottle of wine at the December holiday season.
These gifts are subject to the 50% limitation.

Name: Every year, Teal Corporation gives each employee a turkey and a bottle of wine at the December holiday season. These gifts are subject to the 50% limitation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The 50% limitation typically applies to business meals and entertainment expenses, not to gifts given to employees. Employee gifts may be subject to different tax rules.

Every Year, Teal Corporation Gives Each Employee a Turkey and a Bottle