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1. Dictionary

   fringe benefit

   noun

   • 1. an extra benefit supplementing an employee's money wage or salary, for example a company car, private healthcare, etc.: "some occupations offer an employer's pension as a fringe benefit"

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2. People also ask

   What are fringe benefits?

   • Fringe benefits are additions to compensation that companies give their employees. Some fringe benefits are provided to all employees, while others may be offered to executives only. Some benefits may include a company car, paid time off, or gym membership.

   What Are Fringe Benefits? How They Work and Types - Investopedia

   www.investopedia.com/terms/f/fringe-benefits.asp

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   What fringe benefits do I need to provide to my employees?

   • These are some fringe benefits you generally must provide to your employees: Health Insurance: If you employ less than 50 full time employees, it is not mandatory to provide health insurance under the ACA.

   What Are Fringe Benefits? – Forbes Advisor

   www.forbes.com/advisor/business/fringe-benefits/

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   Who pays for fringe benefits?

   • Generally, fringe benefits are provided by the employer, even if the actual provider is a third party. This is because the employer is the party that pays for the benefit that is provided to the employee. Similarly, the employee is usually the recipient of the benefit, even if its use is extended to other family members.

   Fringe Benefits - Definition, How They Work, and Types

   corporatefinanceinstitute.com/resources/career/fringe-benefits/

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   What are mandatory fringe benefits?

   • The mandatory fringe benefits are intended to provide employees with medical care, mitigate them from economic hardships in the event they lose employment, and provide them with retirement income to sustain them during retirement. The following are some of the mandatory fringe benefits that employers are required to provide: Health insurance

   Fringe Benefits - Definition, How They Work, and Types

   corporatefinanceinstitute.com/resources/career/fringe-benefits/

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3. www.investopedia.com › terms › fWhat Are Fringe Benefits? How They Work and Types - Investopedia

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   Feb 25, 2024 · Fringe benefits are additions to compensation that companies give their employees, such as health insurance, tuition assistance, or employee discounts. Learn how fringe benefits work, what types of benefits exist, and how they are taxed.

   • Author: Julia Kagan

   • Video Duration: 2 min

4. corporatefinanceinstitute.com › fringe-benefitsFringe Benefits - Definition, How They Work, and Types

   corporatefinanceinstitute.com › fringe-benefits

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   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 as social security and health insurance are required by law, while others are voluntarily provided by the employer.

5. Videos

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     investopedia.com

     What Are Fringe Benefits? How They Work and Types

     31 Dec 2008

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     3:11

     youtube.com

     What Are Fringe Benefits FAQ

     27 Jul 2023

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     3:12

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     What To Know About Fringe Benefits

     8 Dec 2021

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6. www.forbes.com › advisor › businessWhat Are Fringe Benefits? – Forbes Advisor

   www.forbes.com › advisor › business

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   May 30, 2024 · Fringe benefits are perks or extra compensation over and above regular salary that employers pay to their employees. Learn what are fringe benefits, how they are taxed, and why they are important for businesses and workers.

   • The most common examples of fringe benefits include health insurance, retirement plans, workers competition, family and medical leave, paid vacatio...
   • Compensation over and above an employee’s direct wages or salaries is called a fringe benefit. This may be monetary in terms of bonuses and allowan...
   • Fringe benefits enable businesses to attract, recruit, motivate and retain highly skilled employees. Fringe benefits also result in increased loyal...

7. www.britannica.com › money › fringe-benefitFringe benefit | Definition, Examples, Types, & Facts ...

   www.britannica.com › money › fringe-benefit

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   A fringe benefit is a nonwage payment or benefit granted to employees by employers, such as pension plans, health insurance, or vacation pay. Learn how fringe benefits are taxed, how they vary by country, and how they affect employee compensation.

8. builtin.com › articles › fringe-benefitsWhat Are Fringe Benefits? - Built In

   builtin.com › articles › fringe-benefits

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   Jan 12, 2024 · Fringe benefits are additional perks that employers offer to employees beyond their salaries or wages. Learn what fringe benefits are, how they can improve employee retention, engagement and recruitment, and what types of fringe benefits are taxable.

9. www.indeed.com › fringe-benefits-definitionFringe Benefits: Definition, Types and FAQs | Indeed.com

   www.indeed.com › fringe-benefits-definition

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   Aug 15, 2024 · Fringe benefits are compensation that employers sometimes offer team members in addition to wages. They could benefit the individual's finances or lifestyle. Learn about different types of fringe benefits, why companies offer them and if they're taxable.

10. dictionary.cambridge.org › english › fringe-benefitFRINGE BENEFIT | English meaning - Cambridge Dictionary

    dictionary.cambridge.org › english › fringe-benefit

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    A fringe benefit is something useful you get because of your job in addition to your pay, such as a company car or free health insurance. Learn more about the meaning, synonyms, and usage of this term with Cambridge Dictionary.