Bourne Guitars, a corporation, reported a $232,000 net §1231 gain for year 6. suming Bourne's nonrecaptured net $1231 losses from years 1–5 were $248,000, what amount of Bourne's net § ny, is treated as ordinary income? urne's gain treated as ordinary income

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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.