Home›Business Management›What are Fringe Benefits? Definition:Fringe benefits can be defined as any additional compensation provided to an employee that is not directly related with wages. The concept could also be interpreted as any kind of reward granted by an employer to any of its employe...
Businessa benefit, such as health insurance or a pension, received by an employee in addition to regular pay. WordReference Random House Unabridged Dictionary of American English © 2025 fringe′ben′efit, Businessany of various benefits, as free life or health insurance, paid holidays, a pens...
Fringe benefits are the additional benefits offered to an employee, above the stated salary for the performance of a specific service. Some fringe benefits such associal securityand health insurance are required by law, while others are voluntarily provided by the employer. Examples of optional fring...
importance, and all sorts of stuff. But what’s very important to understand that these benefits may be temporary or permanent. You may get the benefits under your current employment but may not get changed employment. Getting the most out of the facilities is of the utmost essential. ...
fringe benefits.A definition of the term "fringe benefits" is presented. It refers to rewards given or offered to employees in addition to their wages or salaries and included in their employment contract .EBSCO_bspBloomsbury Business Library Business & Management Dictionary...
Noun1.fringe benefit- an incidental benefit awarded for certain types of employment (especially if it is regarded as a right); "a limousine is one of the fringe benefits of the job" perk,perquisite benefit- financial assistance in time of need ...
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Here are examples of fringe benefits and their tax status: Company car: If an employee uses a company car for business and personal purposes, the cost of this benefit is taxable. Gifts and awards: While most gifts or awards are taxable, there are exemptions, such as when the cumulative ...
Lodging on business premises Long-term care insurance Meals No-additional-cost services Retirement planning services Transportation (commuting) benefits Tuition reduction Working condition benefits To ensure cafeteria plans don’t favor highly compensated or key employees, include the value of taxable benefit...
Fringe benefits are additional compensations provided to employees beyond their regular salary or wages.