fringe benefit
Various non-wage employee benefits, in addition to normal wages. Some fringe benefits are exempt from taxation, provided certain conditions are satisfied.
Examples of fringe benefits are health insurance, life insurance and employee discounts.
Definition from Nolo’s Plain-English Law Dictionary
A benefit given to employees in addition to salary. Examples include health and life insurance, retirement plans, and paid holidays. Fringe benefits usually are not taxable for the employee and are generally tax deductible for the employer.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm
