BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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employee goods
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fringe benefits
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French benefits
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employee expenses
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Detailed explanation-1: -fringe benefit, any nonwage payment or benefit (e.g., pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance programs) granted to employees by employers.
Detailed explanation-2: -Fringe benefits are benefits in addition to an employee’s wages. So, any monetary benefit an employer offers in exchange for an employee’s services that does not include their salary is a fringe benefit.
Detailed explanation-3: -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.
Detailed explanation-4: -border. nounoutermost edge, margin. bound. boundary. bounds.