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    • What Are Fringe Benefits? How They Work and Types - Investopedia
      • Fringe benefits are additions to compensation that companies give their employees. Some fringe benefits are provided to all employees, while others may be offered to executives only. Some benefits may include a company car, paid time off, or gym membership.
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  2. Feb 25, 2024 · Updated February 25, 2024. Reviewed by. Amy Drury. Fact checked by. Suzanne Kvilhaug. What Are Fringe Benefits? Fringe benefits are additions to compensation that companies give their...

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  3. What Is a Fringe Benefit? A fringe benefit is a form of pay (including property, services, cash or cash equivalent) in addition to stated pay for the performance of services. Under Internal Revenue Code (IRC) Section 61, all income is taxable unless an exclusion applies.

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  4. Are Fringe Benefits Taxable? Any fringe benefit you provide is taxable and must be included in the recipient's pay unless the law specifically excludes it. Section 2 discusses the exclusions that apply to certain fringe benefits. Any benefit not excluded under the rules discussed in section 2 is taxable.

  5. Feb 1, 2024 · Fringe benefits are a form of pay, often from employers to employees, and are considered compensation for services beyond the employee's normal rate of pay. These employee fringe benefits can be property, cash, cash equivalents, discounts, savings accounts, and even non-tangible benefits like experiences.

  6. Jun 16, 2023 · Fringe benefits are supplementary perks, incentives, and advantages offered to employees on top of their regular salary or wages. They’re designed to improve the overall employee experience and...

  7. Oct 10, 2022 · Fringe benefits are a form of compensation that employers give to team members in addition to their regular salary. There are many different types of fringe benefits, including retirement plans and health club memberships. Most fringe benefits are taxable but some, such as discounts and free memberships, are free. What is a fringe benefit?

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