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0. Choose the correct code for the following statements being correct or incorrect. Statement I: Fringe benefits mean anything that includes employees’ family, that has high social and peer recognition. They include health, security and retirement benefits offered to full-time employees. Statement II: Fringe benefits aim at increasing economic security of employees and are always non-taxable in nature.
Statement I is correct, but II is incorrect.
Statement II is correct, but I is incorrect.
Both the statements I and II are correct
Both the statements I and II are incorrect.
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