FPC-Remote Exam Dumps | Which of the following awards are included in an employee's taxable income?

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APA.FPC-Remote.v2025-08-02.q74
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Question 29/74

Which of the following awards are included in an employee's taxable income?

A. A $5.00 restaurant gift card

B. A coupon for a free holiday turkey

C. A wearable fitness tracker for a safety award

D. An engraved clock, valued at $100.00, to celebrate an employee's retirement

Correct Answer: A

Cash equivalents, such as gift cards (A), are always taxable income.
Nominal gifts (B, C, D) are generally tax-exempt under de minimis rules.
Reference:
IRS Publication 15-B (Taxable Fringe Benefits)

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