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Unformatted text preview: Ignore the effects of leap years. (a) $Nil (b) $647 (c) $3,233 (d) $3,455 Q03. Which of the following is NOT a taxable benefit? (a) A Christmas gift to an employee from the employer. (All the employees received the same gift, cash of $150). (b) Premium paid by an employer for group term life insurance coverage for employees. (c) A 20% discount on the employer's merchandise, available to all employees. The employer's mark-up is 50%. (d) Low rent housing provided by the employer....
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- Winter '11