Explain the differences and similarities between fringe benefits and salary as forms of compensation.
Question:
Explain the differences and similarities between fringe benefits and salary as forms of compensation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
A fringe benefit is a noncash form of compensation In contrast salary is cash compensation They are ...View the full answer
Answered By
Grace Igiamoh-Livingwater
I am a qualified statistics lecturer and researcher with an excellent interpersonal writing and communication skills. I have seven years tutoring and lecturing experience in statistics. I am an expert in the use of computer software tools and statistical packages like Microsoft Office Word, Advanced Excel, SQL, Power Point, SPSS, STATA and Epi-Info.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Taxation Of Individuals And Business Entities 2021
ISBN: 9781260247138
12th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
Question Posted:
Students also viewed these Business questions
-
Explain the differences and similarities between personal property, real property, intangible property, and natural resources. Also, provide an example of each type of asset.
-
Explain the differences and similarities of information content theory in determining capital structure and determining dividend policy. What are the implications of each of these theories in...
-
Explain the differences and similarities between franchising and cooperatives from a retailer's perspective.
-
1.think about the evolution of the food industry, What was it in the past, and what will it be in the future? How will the 4 p's of marketing evolve within the industry you selected? 2.What is one...
-
Write a brief memo to your immediate manager discussing why the study of supply chain-focused manufacturing planning and control is important in today's competitive manufacturing environment.
-
Stephen Thorne owns the Fredonia Barber Shop. He employs five barbers and pays each a base rate of $1,000 per month. One of the barbers serves as the manager and receives an extra $500 per month. In...
-
Cola Food Services operates and services soft-drink vending machines located in restaurants, gas stations, factories, etc. The machines are rented from the manufacturer. In addition, Cola must rent...
-
Prepare the necessary adjusting entries at December 31, 2011, for the Microchip Company for each of the following situations. Assume that no financial statements were prepared during the year and no...
-
The income distribution for country A is estimated by the function f(x)=0.2x+0.42x2 +0.383. The income distribution for country B is estimated by the function f(x)=0.64x -0.41x2 +0.772 Find the...
-
Neat-and-Clean handles both commercial laundry and individual customer dry cleaning. The company's dry-cleaning process involves emitting a pollutant into the air. In addition, the commercial laundry...
-
North Inc. is a calendar-year C corporation, accrual-basis taxpayer. At the end of the year 1, North accrued and deducted the following bonuses for certain employees for financial accounting...
-
WAR (We Are Rich) has been in business since 1987. WAR is an accrual-method sole proprietorship that deals in the manufacturing and wholesaling of various types of golf equipment. Hack & Hack CPAs...
-
Lorenza Corporation manufactures products that have variable costs of $32 per unit. Its fixed cost amounts to $360,000. It sells the products for $80 each. Required Use the per-unit contribution...
-
You have been hired as an external consultant to increase the productivity and reduce the conflict among a team of 20 professionals. The company's HR team has facilitated many exercises and...
-
i. Explain what property of trees it would violate if there was more than one path between two vertices in a tree. ii. Let G = (V,E) be a tree. Prove G has |V|- 1 edges using strong induction. Hint:...
-
Give an Example NoSQL and describes is history and evolution in relation to databases?
-
To enable production of inventions, engineers must accurately describe and depict all elements of concepts sufficiently and accurately to support communication for subsequent processing. Considering...
-
1. List the factors that affect the value of a currency in foreign exchange markets 2. Explain. how exports and imports tend to influence the value of a currency. 3. Differentiate between the spot...
-
Explain the concept of organizational mission and how it influences goal setting and planning.
-
The following information is for Montreal Gloves Inc. for the year 2020: Manufacturing costs Number of gloves manufactured Beginning inventory $ 3,016,700 311,000 pairs 0 pairs Sales in 2020 were...
-
Why would an organizational buyer want to get competitive bids? What are some of the situations when competitive bidding cant be used?
-
How likely would each of the following be to use competitive bids? ( a ) a small town that needed a road resurfaced, ( b ) a scouting organization that needed a printer to print its scouting...
-
Discuss the advantages and disadvantages of just-intime supply relationships from an o r ganizational buyers point of view. Are the advantages and disadvantages merely reversed from the sellers point...
-
Sandhill Company had the following transactions pertaining to debt investments. 2022 Jan. 1 Purchased 81,7 %, $1,000 Wildhorse Company bonds for $81.000 cash. Interest is payable annually on January...
-
Attempt in Progress Sunland Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges Painters' wages and benefits $41.760 Service...
-
At the beginning of 2024, Taylor Corporation had the following stockholders' equity balances in its general ledger Common Stock, $10 Par Value Paid-In Capital in Excess of Par: Common $2,500,000...
Study smarter with the SolutionInn App