Andrew and Rachel occasionally use an online rental platform to advertise and rent their personal residence when they travel out of town. they rented their home for a total of twelve days during the year. how do Andrew and Rachel report this rental income and any allocable expenses on their tax return

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.