All the following are true about nontaxable employee fringe benefits, except: 1

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All the following are true about nontaxable employee fringe benefits, except:

1. There are no dollar limits on the amount of nontaxable fringe benefits.

2. They are deductible by the employer as business expenses.

3. The fringe benefit plan must be nondiscriminatory.

4. If the employee takes cash instead, the fringe benefit is taxable.