How is income tax expense for the third quarter interim report computed? A. The annual rate multiplied by the third quarter income B. The estimated tax for the first three quarters based on an annual rate less a similar estimate for the first two quarters C. The rate applicable during the third quarter multiplied by three D. Cumulative income tax for three quarters

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A:

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A:

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A: TRUE

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A:

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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.