Perquisites may offer substantial tax savings for executives because some perks are not taxed as income.

Name: Perquisites may offer substantial tax savings for executives because some perks are not taxed as income.
Brand: Quizplus
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Quizplus · Accepted Answer

Perks such as health insurance, company car, and educational assistance may not be considered as taxable income for executives, leading to potential tax savings. However, it is important to note that not all perks are exempt from taxes and the tax laws surrounding perks can be complex.

Perquisites May Offer Substantial Tax Savings for Executives Because Some