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fringe benefit
noun
- 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 benefit
noun
- 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
Word History and Origins
Origin of fringe benefit1
Example Sentences
Workers would likely have to pay income tax on the fair market value of the fringe benefits they receive unless their employers decide to cover some or all of the tax burden.
One is that it applies only to wages, tips, bonuses, commissions, and some fringe benefits — generally, almost anything that appears on the annual W-2 forms workers receive from their employers.
Finally, unions tend to provide fringe benefits such as health insurance, paid sick days, vacation days, and retirement plans.
Not only did that survey find no job losses, but it also debunked claims or conjectures from minimum-wage critics that the increase would show up as reductions in hours or fringe benefits.
Plus there are some fringe benefits, apart from the opportunity to collect more gold.
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