Providing ______ can reduce the tax burden on both the organization and the individual.
A) bonuses
B) benefits
C) merit pay
D) commissions

Question

Quizplus · Accepted Answer

Benefits, such as health insurance, retirement plans, and flexible spending accounts, are tax-deductible expenses for organizations and are often not taxable for employees. This can reduce the tax burden for both parties. Bonuses, merit pay, and commissions are taxable income and do not have the same tax benefits as providing benefits.

Providing ______ Can Reduce the Tax Burden on Both the Organization