_____ 9. An employee holiday party would be a tax-exempt de minimis fringe benefit.

Name: _____ 9. An employee holiday party would be a tax-exempt de minimis fringe benefit.
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According to IRS regulations, occasional parties or picnics for employees, such as holiday parties, are considered tax-exempt de minimis fringe benefits if the cost per employee is minimal and the event is infrequent.

_____ 9 an Employee Holiday Party Would Be a Tax-Exempt De