Use the chart below to answer the question: Married Filing Jointly and Widow(er) Tax Rate Single Married Filing Separately Head of Household 10% $1 - $9075 $1 - $18,150 $1 - $9075 $1 - $12,950 15% $9076 - $36.900 $18,151 - $73.800 $9076 - $36,900 $12,951 - $49.400 25% S36,901 - S89,350 $73,801 - $148.850 $36,901 - $74,425 $49.401 - $127,550 28% S89,351 - $186,350 $148,851 - $226,850 $74,426 - $113,425 $127,551 - $206,600 33% $186.351 - $405.100 $226.851 - $405,100 $113,426 - $202,500 $206,601 - $405,100 35% $405,101 - $406,750 $405,101 - $457,600 $202,551 - $228.800 $405,101 - $432,200 39.6% over $406,750 over $457,600 over $228,800 over $432.200 Calculate the tax a person who files head of household would pay if their salary was $321,854. Round to the nearest penny.

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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.