ssica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $52,200 loss this year (year 1). Assume her stock basis is $12,880 at the beginning of the year and that at the beginning of year 1 Jessica loaned Bikes-R-Us $3,720. In year 2, Bikes-R-Us reported ordinary income of $13,440. What is her debt bases in the corporation at the end of ye

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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.