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A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are met. Any employee who receives taxable fringe benefits will have to include the fair market value of the benefit in their taxable income for the year, which will be subject to tax with-holdings, and social security benefits payments.
Fringe benefits commonly include health insurance, group term life coverage, education reimbursement, childcare and assistance reimbursement, cafeteria plans, employee discounts, personal use of a company owned vehicle and other similar benefits.
Any of various benefits , as free life or health insurance, paid holidays, a pension, etc., received by an employee in addition to regular pay.
Fringe benefits are the compensation in addition to direct wages or salaries, such as company car, house allowance, medical insurance, paid holidays, pension schemes, subsidized meals etc... Some fringe benefits are regarded part of a taxable income.
I think they are also called perquisits. I think it is unethical to leave a job for better fringe benifits. It should always be for greater learning scope, oppertunity to visit a new country or learn a new skill.
Fringe benefits are benefits or compensation given to employees in addition to wages or salaries.
