George's flexible spending 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.

Question

Quizplus · Accepted Answer

A country club membership is considered a personal expense and is taxable as a fringe benefit.

George's Flexible Spending Plan Allows Him to Select Fringe Benefits