Final answer:
Employer-provided educational assistance is excludable up to $5,250 per year and is used for tuition, fees, and books but not meals, lodging, or transportation.
Step-by-step explanation:
The question you've asked regards the limits of employer-provided educational assistance and what it can be used for. As of my knowledge cutoff in 2023, employer-provided educational assistance for both undergraduate and graduate education is excludable from income for up to $5,250 per year.
This assistance may potentially be used for various educational expenses, which typically include tuition, related fees, and books; however, it generally does not cover meals, lodging, or transportation.