_____ 10.An employee holiday party would be a tax-exempt de minimis fringe benefit.

Question

Quizplus · Accepted Answer

According to the IRS, an employee holiday party can be considered a tax-exempt de minimis fringe benefit if it meets certain criteria, such as being occasional and infrequent and having a low cost per employee. However, if the cost per employee goes above a certain threshold (currently $100), the excess amount may be considered taxable income. It is important for employers to carefully consider the tax implications of providing fringe benefits to their employees.

_____ 10An Employee Holiday Party Would Be a Tax-Exempt De Minimis