Fringe benefit tax, Accounting Basics

Define FBT (Fringe Benefit Tax)?

Ans) The tax payable on a non-salary benefit given to an employee or an associate of the employee. The employer is likely to pay any FBT and may decide to recover the FBT amount from the employee.

 

Posted Date: 3/30/2013 3:42:53 AM | Location : United States







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