Which of the following benefits provided by an employer is subject to withholding and must be reported on the employee's W-2?

Question

Quizplus · Accepted Answer

The $400 cash award for long-term service is considered taxable income and is subject to withholding and must be reported on the employee's W-2. Payment of an employee's professional dues and meals provided on the premises for the employer's convenience are generally considered nontaxable fringe benefits and do not need to be reported on the employee's W-2.

Which of the Following Benefits Provided by an Employer Is