What does Fringe mean on my paycheck?
What are Fringe Benefits? Fringe benefits are a form of pay, often from employers to employees, and are considered compensation for services beyond the employee's normal rate of pay. They can be made in the form of property, services, cash, or cash equivalents.
What does Fringe mean in law?
Fringe benefits refer to various benefits other than the regular wages that an employee receives. It is an amount spent by employers for legally required and voluntary fringe benefit programs for employees.
What is a Fringe charge?
The fringe rate shows you how much an employee actually costs your business beyond their base wages. Fringe benefit rates vary from business to business. The rate depends on how much you pay employees and how much an employee receives in benefits.