Employers can deduct the cost of the benefits they offer employees,from their annual income,as a business expense,if the cost is considered an ordinary and necessary expense. (The Internal Revenue Code)

Name: Employers can deduct the cost of the benefits they offer employees,from their annual income,as a business expense,if the cost is considered an ordinary and necessary expense. (The Internal Revenue Code)
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Question

Quizplus · Accepted Answer

The statement is true according to the Internal Revenue Code.

Employers Can Deduct the Cost of the Benefits They Offer