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Topic: Fringe benefit

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	What is fringe benefit tax?
		Fringe benefits as outlined in section 115WB of the Finance Bill, mean any privilege, service, facility or amenity directly or indirectly provided by an employer to his employees (including former employees) by reason of their employment.
		Under the proposed provisions, fringe benefit tax is payable by an employer who is either an individual or a Hindu undivided family engaged in a business or profession; a company; a firm; an association of persons or a body of individuals; a local authority; a sole trader, or an artificial juridical person.
		These benefits are either taxed in the hands of the employees themselves or the value of such benefits is subject to a 'fringe benefit tax' in the hands of the employer.
	www.rediff.com /money/2005/mar/22spec.htm (2212 words)

	Employee Fringe Benefit (Site not responding. Last check: 2007-11-03)
		Even if actual fringe benefit rates are used to calculate the costs for all other personnel, use the composite employee benefit rate for the appropriate classification for the "to be named" position.
		All rates are expressed as a percent of salaries; therefore, when calculating the fringe benefit costs, multiply the salary by the applicable benefit rate.
		Fringe benefit rates remain stable as a percentage of the requested salary and wages.
	www.rgs.uci.edu /ora/sp/fringebenefits.htm (620 words)

	FRINGE BENEFIT PLANS
		Fringe benefits, commonly known as “perks,” include: retirement plans; health, life and disability insurance; education, dependent care and adoption assistance; meals, lodging and parking; and many other types of plans.
		Fringe benefit plans are designed for larger companies with a large number of rank-and-file employees.
		Don’t feel bad for the IRS because most fringe benefits plans are geared for C-Corporations, and c-corps are subject to “double-taxation” (paying taxes first on the corporate level up to 34 percent, and then a second time on the shareholder level – qualifying dividends and long-term capital gains are taxed up to 15 percent).
	www.greencompany.com /EducationCenter/GTTRecFringeBenefitPlans.shtml (2856 words)

	Employee benefit - Wikipedia, the free encyclopedia
		Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) are various non-wage compensations provided to employees in addition to their normal wages or salaries.
		Fringe benefits can also include, but are not limited to the following: (employer-provided or employer-paid) housing, group insurance (health, dental, life etc.), income protection, retirement benefits, daycare, tuition reimbursement, sick leave, vacation (paid (esp. teaching) and non-paid), social security, profit sharing, funding of education and other specialized benefits.
		Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage up to US$50,000) may be excluded from the employee's gross income and, therefore, are not subject to federal income tax in the United States.
	en.wikipedia.org /wiki/Employee_benefit (657 words)

	Fringe Benefit Rates
		The Research Foundation, maintains its own fringe benefits program for employees; the RF's benefits package is comparable to those of other academic and non-profit institutions.
		The actual cost of a benefit package will vary for each employee depending on whether they waive all or part of the benefits available to them, if they have dependents, etc, and usually cannot be determined until after an employee begins to work.
		Fringe benefits rates are re-evaluated each fiscal year by the Chief Financial Officer.
	www.rfcuny.org /aboutrfweb/fringe.html (235 words)

	Texas Tech University - Fringe Benefits Calculator (Payroll)
		Fringe benefit costs may vary depending upon the employee type, whether the employee is full benefits eligible, and the level of insurance enrollment etc. The percentage for certain institutional cost percentages such as workers compensation, lump sum vacation pool, and retiree insurance pool may vary by entity.
		Select the criteria upon which you want the fringe benefit cost estimate to be calculated.
		Select Entity to ensure the correct fringe benefit percentages are applied in calculating the fringe benefit cost.
	www.depts.ttu.edu /payroll/fringebenefit.aspx (459 words)

	Faculty Handbook:: Fringe Benefit Programs for Faculty
		All benefits provided by St. Thomas are described in official documents, which are kept on file in HR and are available for examination by any plan participant or beneficiary.
		In addition, the designated contact or his or her delegates shall be available to answer faculty member questions concerning benefits and shall counsel new faculty members, faculty members as they achieve eligibility, retiring faculty members and non-faculty member beneficiaries as to specific benefit coverage and required forms and designations.
		Benefits for faculty members past the age of normal retirement (age 70) may be reduced by the amount of St. Thomas provided pension benefits for which the faculty member is eligible to receive.
	www.stthomas.edu /facultyhandbook/fringebenefits.htm (6193 words)

	by keyword - Fringe benefit tax - calculators and worksheets
		Use this to calculate the fringe benefit value of motor vehicles that are available for private use by employees (use for returns from 1 April 2006).
		This form is designed to assist employers in calculating the taxable value of their fringe benefit tax for a non-standard income year.
		Use this to calculate the fringe benefit value of motor vehicles that are available for private use by employees (use for returns up to 31 March 2006).
	www.ird.govt.nz /calculators/keyword/fbt (556 words)

	29CFR4.4.52 - Fringe benefit determinations.
		4.51(b) that a single fringe benefit rate is paid with respect to a majority of the workers in a class of service employees engaged in similar work in a locality, that rate will be determined to prevail notwithstanding the rate which would otherwise be prescribed pursuant to this section.
		Ordinarily, it will be found that a majority of workers receive fringe benefits at a single level where those workers are subject to a collective bargaining agreement whose provisions have been found to prevail in the locality.
		The $2.56 benefit rate shall continue to be issued for all contracts containing the $2.56 benefit rate, as well as resolicitations and other successor contracts for substantially the same services, until the fringe benefit rate determined in accordance with paragraphs (a) and (b) of this section equals or exceeds $2.56 per hour.
	www.dol.gov /dol/allcfr/ESA/Title_29/Part_4/29CFR4.52.htm (512 words)

	Fringe Benefits - Our Services - HaynesHitesman (Site not responding. Last check: 2007-11-03)
		Fringe benefits are considered employment benefits not reflected in basic wages for an employee.
		With extensive experience regarding fringe benefits, HaynesHitesman attorneys understand the exceptions in the Internal Revenue Code related to fringe benefits and assist clients in providing numerous fringe benefits to employees on a tax-favored basis.
		When fringe benefits may be extended to retired and disabled former employees, to surviving spouses, and to dependent children of employees
	www.hayneshitesman.com /services/fringe_benefits.shtml (156 words)

	Unleashing fringe benefit for your benefit
		With an objective of imposing tax at the hands of employers, fringe benefits as outlined in section 115WB of the Finance Bill, means that any privilege, service, facility or amenity deemed to have been provided by an employer to his employees (including former employees) by reason of their employment.
		Fringe benefit tax is payable by an employer who is either an individual or a Hindu undivided family engaged in a business or profession; a company; a firm; an association of persons or a body of individuals; a local authority; a sole trader, or an artificial juridical person.
		However, the fringe benefit tax rate varies from 10% to 50%, depending upon the expense incurred: For example, for the use of telephones 10% fringe benefit tax will be charged, while entertainment expenses, festival expenses, gifts, use of club facilities, will be taxed at the rate of 50%.
	www.dqchannels.com /content/news/105080701.asp (1152 words)

	SIUC Fringe Benefit Rates
		Fringe benefits are provided to faculty, A/P staff, civil service employees, and postdoctoral fellows who are employed at SIUC at 50% time or more for a period of at least 8 months.
		Fringe benefits are not budgeted for graduate assistants or student workers.
		The following fringe benefit rates are in effect for sponsored projects for fiscal year 2007.
	www.siu.edu /worda/rates/fringe.html (363 words)

	MDCS - Compensation and Fringe Benefit Rules
		An employee who receives a lateral job change for the convenience and benefit of the state is eligible for reimbursement of moving expenses in accordance with the standardized travel regulations.
		After benefits begin, the employee receives a supplement that, when added to the workers’ compensation benefits, equals the weekly net wage of the employee at the time of the injury.
		Fringe benefits normally received by an employee remain in effect while the employee receives this supplement.
	www.michigan.gov /mdcs/0,1607,7-147-6877_8154_9789-20475--,00.html (5409 words)

	Working-Condition Fringe Benefits
		Under Treasury Regulations section 1.132-6(c), the value of any fringe benefit that would not be unreasonable or administratively impractical to account for is includable in an employee’s gross income, unless that benefit is excluded as a de minimis fringe benefit.
		In addition, excludable fringe benefits include qualified tuition reductions provided to an employee [IRC section 117(d)] and meals and lodging furnished to an employee for the convenience of the employer [section 119(a)].
		IRC section 132(d) defines working-condition fringe benefits as any property or services provided to an employee if such payment would be allowable as a deduction for the employee under IRC section 162(a) (for ordinary and necessary trade or business expenses) or 167 (for depreciation expense).
	www.nysscpa.org /cpajournal/2005/505/essentials/p42.htm (3360 words)

	Fringe Benefit Rate (Site not responding. Last check: 2007-11-03)
		The state of Illinois does not fund fringe benefits for persons employed under a grant or a contract.
		To ensure there are sufficient funds in the grant or contract for this, the University has calculated an average fringe benefit rate, which is applied as a percentage of salaries and wages.
		This estimated amount is in the budget, but only the actual amount of fringe benefits will be assessed against the grant or contract.
	www.policy.ilstu.edu /fiscal/fringe.html (427 words)

	fringe benefit rates
		The fringe benefit memo dated August 3, 1999 is being revised to incorporate changes contained in House Bill 168 codified as Session Law 1999-237.
		These fringe benefit rates are applicable to Research and Training proposals and should be utilized until further notice.
		Fringe benefit rates are also published in the Contracts and Grants section of the Business Manual (Appendix 3), together with indirect cost rates.
	www.unc.edu /finance/ddd/fringe_benefit_rates99.htm (405 words)

	Research Administration - Fringe Benefit Rates
		Fringe benefits (FB) are employee associated costs such as health plan expenses, pension plan expenses and workman's compensation expenses, among others.
		The rate is the pooled costs of these benefits divided by the total salaries in each employee class.
		These rates are then applied to the applicable employee salary to represent the associated benefits for that type of employee.
	vpf-web.harvard.edu /osr/proposal/prop_bud_frates.shtml (163 words)

	De Minimis Fringe Benefit Rules: Current Guidance and Tax Implications
		Where most of the value of a benefit is excludible, in some situations the excess may be excludible as a de minimis fringe benefit.
		American Airlines treated the vouchers as de minimis fringe benefits not subject to federal income or FICA tax withholdings given: 1) their small value, 2) the fact the program was a one-time distribution, and 3) the administrative difficulty of tracking employee redemptions.
		Because cash and cash-equivalent fringe benefits such as gift certificates have a readily ascertainable value, they do not constitute de minimis fringe benefits, because these items are not unreasonable or impracticable to account for by the employer.
	www.nysscpa.org /cpajournal/2006/406/essentials/p50.htm (3334 words)

	Prevailing Wage Computing Benefit Contributions
		Each fringe benefit contribution must be listed as an hourly rate on certified payroll reports, and the hourly rate must be reported individually for each worker.
		If an employer does not offer any bona fide fringe benefits to an employee, the entire PWR hourly fringe rate must be paid to the worker as wages on regular payroll dates.
		All hourly fringe benefits that are paid as wages to an employee must be reported separately from the hourly base wages on certified payroll reports.
	www.oregon.gov /BOLI/WHD/PWR/W_PWR_Computing.shtml (1414 words)

	Publication 15-B (12/2005), Employer's Tax Guide to Fringe Benefits
		For example, your employee may be the recipient of a fringe benefit you provide to a member of the employee's family.
		This is a benefit program that reimburses specified expenses up to a maximum amount that is reasonably available to the employee and is less than five times the total cost of the insurance.
		A de minimis benefit is any property or service you provide to an employee that has so little value (taking into account how frequently you provide similar benefits to your employees) that accounting for it would be unreasonable or administratively impracticable.
	www.irs.gov /publications/p15b/ar02.html (6698 words)

	Fringe benefit tax (FBT)
		Fringe benefit tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer.
		In your fringe benefit tax (FBT) return, show the taxable value of benefits provided in each of the four categories and the amount of FBT payable.
		Fringe benefit tax in relation to GST and income tax
	www.ird.govt.nz /fbt (304 words)

	Allocation of Fringe Benefits \| PBA
		The campus is establishing flat fringe benefit rates for each of the major employee groups at the campus effective July 1, 2003.
		With a flat benefit rate, benefits expense will be determined by applying the appropriate percentage based on employee type and full- or part-time status to actual salary expense.
		It is the intent to implement the flat benefit rates with the campus’ first bi-weekly payroll in July 2003.
	www.colorado.edu /pba/budget/dept/fringe_benefits.html (903 words)

	NECA West Payroll and Fringe Benefits
		A fringe benefit and payroll bond covering Northern California is available only to NECA members.
		Be current with your fringe benefit contributions in all locals (for a period of not less than twelve months without a delinquency).
		Should the contractor be delinquent in fringe benefit payments on more than one occasion in any twelve-month period, or otherwise default as defined in the Trust Agreement the Fund may declare his deposit forfeit and terminate coverage on and after said date.
	www.nocalneca.org /ben_insuranceFringe_view.html (1647 words)

	Fringe Benefit Resources (Site not responding. Last check: 2007-11-03)
		Because we specialize in two major industries, all representatives of Fringe Benefit Resources are highly familiar with the benefit packages requested most often by employees of those industries.
		Fringe Benefit Resources has for many years worked with and represented a variety of employee benefit providers.
		Fringe Benefit Resources is proud to be the Montana/Idaho broker for American Fidelity, an endorsed provider of employee benefits to members of the AHA and ASHHRA.
	www.fringebenefitresources.com (284 words)

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