Overview
Many companies offer a variety of benefits to employees in the hope of retaining staff and increasing their satisfaction. Compare and contrast the employer’s tax consequences of providing taxable versus nontaxable fringe benefits.
In your comparison, provide one example of a taxable fringe benefit and one example of a nontaxable fringe benefit. How can the provision of nontaxable fringe benefits influence an employer's overall compensation strategy, and what are the potential impacts on employee morale and retention compared to taxable fringe benefits?
Note: Your example must be original. If a student has already posted this example, you must come up with a different example. already used. Company cars. Gym memberships. Trips. Paid home internet. Sports tickets. Personal use company cars.