Under the ________, beneﬁts offered only during the last two months of the calendar year may be treated as paid during the following calendar year.

Question

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This is referring to the special accounting rule, which allows employers to treat certain benefits as paid in the following year for accounting and tax purposes. This is useful for companies that have a fiscal year that doesn't align with the calendar year.

Under the ________, Beneﬁts Offered Only During the Last Two