GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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00:33 Feb 22, 2011 |
Swedish to English translations [PRO] Bus/Financial - Management | |||||||
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| Selected response from: Stefan A. M. Adamek United States Local time: 13:56 | ||||||
Grading comment
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Summary of answers provided | ||||
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3 +1 | Take-home vehicle |
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Take-home vehicle Explanation: A take-home vehicle is a vehicle issued to an employee by one's employer (such as a private corporation or government agency) that is intended to be used for the purpose of fulfilling one's job duties, but that the employee is also permitted to drive to their residence while off duty. Depending on the employer's policies, the employee may or may not be permitted to use the vehicle while off-duty for non-work-related use. Take-home vehicles, often considered a perk for their employees, provides the employees the benefit of not requiring their own vehicle for commuting purposes (thereby sparing them this expense). The employer benefits from having the employee being able to perform their job duties more efficiently. NOTE: Irs do not use any specific terms for the different kind of vehicles based on ownership/provider etc., but instead regulate the usage in terms of business/personal etc. See second reference page 50. Reference: http://en.wikipedia.org/wiki/Take-home_vehicle Reference: http://www.irs.gov/pub/irs-tege/fringe_benefit_fslg.pdf |
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Notes to answerer
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