fringe benefits

fringe benefits
1) Non-monetary benefits offered to the employees of a company in addition to their wages or salaries. They include company cars, expense accounts, the opportunity to buy company products at reduced prices, private health plans, canteens with subsidized meals, child-care facilities, gym membership, cheap loans, social clubs, etc. Most of these benefits do not escape the tax net.
2) Benefits, other than dividends, provided by a company for its shareholders. They include reduced prices for the company's products or services, Christmas gifts, and special travel facilities.

Accounting dictionary. 2014.

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