Page 5-7 (Section 5-4a) of the text mentions “qualified tuition reduction plans” under which an educational...

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Page 5-7 (Section 5-4a) of the text mentions “qualified tuitionreduction plans” under which an educational institution may reduceor pay the tuition for its employees, and the employees will not betaxable on the assistance.
What criteria are used to determine whether the employerqualifies to provide nontaxable qualified tuition reductions orpayments under such a plan?
Which individuals may receive the nontaxable qualified tuitionreductions or payments?
Are there circumstances in which a tuition reduction or paymentmade by a qualifying employer for a qualifying individual willnevertheless be taxable to the employee? If so, describe thesecircumstances.
Please answer each question in complete sentences, and cite thetitle and number of the IRS publication or form/instruction whereyou found each answer, and the page number on which the answer isfound. Use your own words in the answer – do not copy the IRS’language. Spelling and grammar count. This assignment is worth 5points.
This assignment is due Tuesday, February 26, at 6 pm.

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solution An elligible instructive foundation can reject the measure of a certified educational cost decrease it gives to a worker from the representatives wages As indicated by the IRS a qualified instructive organization is an establishment that keeps up an ordinary workforce and educational programs and typically has a consistently selected group of understudies in participation at where it carries on its instructive exercises The principles for deciding whether an educational cost decrease is qualified and along these lines tax exempt are unique if the training given is underneath the alumni level or is graduate instruction An See Answer

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