Controlling Costs, Payroll, Benefits, and Taxes
Therefore, the Sinclair Company at some time during the year must include $48.00 (40 ( 0.10 ( 12) in the taxable compensation and deduct taxes from Von Nostity’s paycheck to cover this taxable fringe. The company is also liable for employer’s payroll taxes on the $48.00. De Minimus Fringe Benefit. ................
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