Aden Pham, CPA,

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Fringe Benefits and Gross Income

Posted by Aden Pham, CPA, on Oct 9, 2020

As a general rule, gross income includes all compensation and employment benefits unless exclusion is provided by law. Cafeteria plan and certain other fringe benefits are among the items that could be excluded from employees' taxable income. Below are some common fringe benefits excludible from an employee's taxable income if certain conditions are met.

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Topics: Tax

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