Employees don't include the value of any compensatory fringe benefits in gross income because the benefit doesn't consist of a direct cash payment.

Name: Employees don't include the value of any compensatory fringe benefits in gross income because the benefit doesn't consist of a direct cash payment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Employees must include the value of most compensatory fringe benefits in their gross income, unless specifically excluded by law, regardless of whether the benefits are provided in cash or another form.

Employees Don't Include the Value of Any Compensatory Fringe Benefits