[ANSWERED] 1. a. What are the seven major types of fringe benefits covered by Sec. 132? b. What tax advantage..

1.
a. What are the seven major types of fringe benefits covered
by Sec. 132?
b. What tax advantage is offered relative ro such benefits?
c. Are such benefits available to employees only or may the
benefits also be offered ro spouses, dependents, and retirees? d. ls
discrimination prohibited relative to Sec. 132 benefits?
e. What is the tax impact on the employer and employees if
an employer’s plan is discriminatory?
2. What conditions must be met if an employee is to exclude
meals and lodging furnished by an employer?