Calculate the following taxpayers’ tax liabilities using 2021 tax rate  A single taxpayer had taxable income of $76,500 A Head of household taxpayer had taxable income of $76,500 A married couple (married filing jointly) had taxable income of $76,500

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.