Which of the following is not an example of a nontaxable fringe benefit?
A)Monthly employer provided transit benefit of $100.
B)Group-term life insurance policy providing $100,000 of coverage.
C)Employer provided parking of $100 per month.
D)Qualified employee discounts.Only $50,000 of group-term life insurance qualifies as a nontaxable fringe benefit.

Question

Quizplus · Accepted Answer

All of the options except for B are examples of nontaxable fringe benefits. Group-term life insurance policies providing coverage over $50,000 are taxable fringe benefits.

Which of the Following Is Not an Example of a Nontaxable