E-Basic Fringe Benefits

E-Basic Fringe Benefits
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Price: $39.99
Credits: 4
Prerequisite: N/A
Level: N/A
Model: MT038
Author: Danny Santucci
Average Rating: Not Rated
Fields of study: Taxes
Format: PDF

Perhaps the term “fringe benefits” is somewhat of a misnomer, since it connotates peripheral importance. With many companies expending over a third of their payroll on such items, they are hardly inconsequential. A fringe benefit is a form of pay for the performance of services. For example, taxpayer provides an employee with a fringe benefit when they allow the employee to use a business vehicle to commute to and from work. A person who performs services for a taxpayer doesn't have to be their employee. A person may perform services as an independent contractor, partner, or director.