You must calculate the accrual fund, tax and profit for the year for a limited company that started operations on 1 January 2020. The limited company wants to make a maximum provision for accruals for the year 2020. The tax rate for the year 2020 is 21.4%.   Assume the following conditions: Reported profit before appropriations and tax SEK 50,000 Non-deductible expenses SEK 5,000 Non-taxable income SEK 15,000   Enter amount (in SEK) for the following items in the income statement for the year 2020:

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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.