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- DictionaryFringe ben·e·fit/ˈfrinj ˌbenəfit/
noun
- 1. an extra benefit supplementing an employee's salary, for example, a company car, subsidized meals, health insurance, etc.: "some occupations offer an employer's pension as a fringe benefit"
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Feb 25, 2024 · Fringe benefits are additions to compensation that companies give their employees, such as health insurance, tuition assistance, or employee discounts. Learn how fringe benefits work, what types of benefits exist, and how they are taxed.
- Julia Kagan
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Aug 29, 2023 · Fringe benefits are perks or extra compensation over and above regular salary that employers pay to their employees. Learn what are fringe benefits, how they are taxed, and why they are important for businesses and workers.
- What are examples of fringe benefits?The most common examples of fringe benefits include health insurance, retirement plans, workers competition, family and medical leave, paid vacatio...
- What is the meaning of a fringe benefit?Compensation over and above an employee’s direct wages or salaries is called a fringe benefit. This may be monetary in terms of bonuses and allowan...
- Why do employers offer fringe benefits?Fringe benefits enable businesses to attract, recruit, motivate and retain highly skilled employees. Fringe benefits also result in increased loyal...
The meaning of FRINGE BENEFIT is an employment benefit (such as a pension or a paid holiday) granted by an employer that has a monetary value but does not affect basic wage rates. How to use fringe benefit in a sentence.
Feb 1, 2024 · What is the definition of fringe benefits? 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.
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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fringe benefit, any nonwage payment or benefit (e.g., pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance programs) granted to employees by employers. It may be required by law, granted unilaterally by employers, or obtained through.
Fringe benefit definition: any of various benefits, as free life or health insurance, paid holidays, a pension, etc., received by an employee in addition to regular pay.. See examples of FRINGE BENEFIT used in a sentence.
