What is a fringe benefit?
a. a cash payment for casual work
b. a business other than sales or marketing
c. a payment other than wages or salaries
d. an accounting term meaning profits
C.
A payment other than
wages or salaries. A fringe benefit is given to the employees as a benefit or
incentive on top of their basic salary. Fringe benefit may be in the form of
company issued car, life or health insurance, luncheon vouchers or additional
paid vacation.Â
