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. United Stats Law
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.

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Brief Explanation ofQualified tuition reduction plans Section 117 d of the Internal Revenue Code allows nonprofit universities to give their employees spouses or dependents tuition reductions that are excluded from taxable income This help employees and their family members in their college studies providing an important benefit to many middle and lowincome college employees What criteria are used to determine whether the employer qualifies to See Answer

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