Final answer:
False, because qualified employee discounts usually apply to third-party goods or services, not employer goods, as specified by IRS criteria for nondiscriminatory and limited discounts.
Step-by-step explanation:
Employee discounts are typically provided to employees as a benefit, allowing them to purchase employer goods at a discounted rate. The correct answer is false because qualified employee discounts are generally not applied to the purchase of employer goods but are instead related to goods or services provided by a third party. Employee discounts on employer goods may be subject to taxation, and the Internal Revenue Service (IRS) outlines specific criteria for determining whether an employee discount is qualified.
According to IRS guidelines, a qualified employee discount should be offered on a nondiscriminatory basis and not exceed certain limits. In the case of employer goods, the discount is considered qualified only if it meets the criteria set by the IRS. Therefore, while employees may enjoy discounts on a range of products or services, it is crucial to understand the specific conditions that qualify an employee discount and distinguish between discounts on employer goods versus those on third-party goods.
Therefore, the statement is false because qualified employee discounts are generally associated with third-party goods and services, not those provided directly by the employer.