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fringe benefit |
Also found in: Medical, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
fringe benefit n
(Business / 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. ThesaurusLegend: Synonyms Related Words Antonyms
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Thus, there is no fringe benefit paid to the 2% shareholder, Sec. Beyond wages to lower-bracket children, consider compensation from a C corporation (or a proprietor to a spouse) to gain fringe benefit advantages. Under long-established law, when a corporate officer uses a company jet for his own personal reasons, unrelated to the business of the company, the use of that company plane is considered a fringe benefit and the officer has to recognize the value of that fringe benefit as additional compensation on his personal income tax return. |
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