fringe benefit


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fringe benefit

n.

fringe benefit

n
(Industrial Relations & HR Terms) an incidental or additional advantage, esp a benefit provided by an employer to supplement an employee's regular pay, such as a pension, company car, luncheon vouchers, etc

fringe′ ben`efit


n.
a benefit, such as free life or health insurance or a pension, received by an employee in addition to regular pay.
[1945]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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"
benefit - financial assistance in time of need
apanage, appanage - any customary and rightful perquisite appropriate to your station in life; "for thousands of years the chair was an appanage of state and dignity rather than an article of ordinary use"
backsheesh, baksheesh, bakshis, bakshish, gratuity, pourboire, tip - a relatively small amount of money given for services rendered (as by a waiter)

fringe benefit

noun added extra, bonus, allowance, privilege, perk, perquisite (formal), boot money (informal), lagniappe (U.S.) Fringe benefits need to be incorporated within payment.
Translations
References in periodicals archive ?
274(n) (2)(B) excepts from this limitation meals that qualify as a de minimis fringe benefit under Sec.
com)-- Companies are now offering more Fringe Benefits than ever before to obtain and retain talent in their organizations.
Fringe Benefit Group's purchase of EPSI comes on the heels of its acquisition of The American Worker Plans, an Illinois-based managing general agent specialising in limited medical, voluntary and self-funded benefit options for employers with hourly and part-time workforces, in July 2014.
For the most part, they aren't treated as employees for fringe benefit purposes, although they may be entitled to tax deductions for many expenses.
Any discount over these limits is a taxable fringe benefit (Regs.
Another thing that catches employers out is that a motor vehicle must only be available for private use to be a fringe benefit.
As a general matter, any fringe benefit that a business provides is taxable and must be included in the recipient's pay unless the law specifically excludes it.
A contractor's fringe benefit obligation may be satisfied in several different ways.
Categories: Appropriations Decison, Appropriated funds, Bicycle parking, Bicycles and facilities, Commuter transportation, Commuters, Employee incentives, Employee relations, Employees, Federal employees, Federal funds, Fringe benefits, Funds management, Subsidies, Transportation, Transportation expense claims, Transportation policies
However, for fringe benefit purposes it is generally a close enough description.
In some cases, however, a fringe benefit may be either partially or totally excludible under another Tax Code provision.
Although the wartime wage restrictions origins is now just a historical footnote, the nontaxable fringe benefit under the current federal income tax structure remains powerful because it is taxed to no one--the employer generally receives a deduction to the extent of expenditures to produce the benefit, (23) and no federal income taxes (24) or employment taxes are imposed on the employee.