During 2020, Stephanie received $16,000 in wages, $3,500 in unemployment benefits, and $500 in dividends, and she took a $6,000 distribution from her IRA. Compute Stephanie's 2020 business income for NOL purposes.    $6,500  $16,000  $19,500  $20,000

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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.