fringe benefit

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fringe benefit

A non-monetary perk, incentive, or benefit for working a job that is given in addition to one's normal wage or salary. One of the fringe benefits of working here is getting free lunch in the cafeteria.
See also: benefit, fringe
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
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References in periodicals archive ?
Therefore, cost of premiums borne by the employer is not a taxable fringe benefit, provided that it pertains to group insurance.
Section 33 (A) exempts a fringe benefit from withholding tax if it is essential to the trade, business or profession of the employer or it is for the convenience or advantage of the employer.
• Review Tax rules on fringe benefits and to determine the correct taxation amount of those benefits
C corporation stockholders who are also employees generally are entitled to the same tax-free fringe benefits as other employees.
In general, the nondiscrimination rules do not apply to de minimis fringe benefits. Thus, a de minimis fringe benefit may be excludable even if it is provided to highly compensated or key employees.
Require employers who offer employees a parking transportation fringe benefit to offer workers the option of taking cash instead.
If these fringe benefits are however, correctly spent on what they are intended for, as for example a housing allowance, then a pensioner should not have a home loan debt at retirement that needs to be paid for out of a pension income.
* Partners must then report as taxable income the value of all fringe benefits (other than qualified plans) provided for them by the partnership.
The following table presents the total outlays for wages and fringe benefits in the area of manufacturing, where the categories are graded by technological sophistication.
Treasury Regulations section 1.132-6(e)(2) also provides examples of fringe benefits to which the de minimis rules do not apply.
In 1984, Congress enacted Internal Revenue Code section 132 to bring more certainty to the taxation of employee fringe benefits. This article examines the impact of the legislation from the standpoint of administrative pronouncements and taxpayer litigation.
The conference, which will afford registrants as much as 19 CPE credits, will include sessions on acquiring private companies and disposing of other, non-performing ones; partnership and LLC developments; fringe benefits; modern tax research techniques; and the federal government's mandatory electronic filing program, followed by a panel on e-filing issues at the state level.
Salary Negotiation Tips For Professionals should be seriously considered as "must" reading for anyone seeking to improve the quality and quantity of their wages and fringe benefits.
Thus, employers may wish to fund QTPs as fringe benefits for employees.