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Normally, employer-provided benefits are tax-deductible to the employer and non-taxable to the employee. The exception to the general rule includes certain executive benefits (e.g. golden handshake and golden parachute plans) or those that exceed federal or state tax-exemption standards.
Many employer-provided cash benefits (below a certain income level) are tax-deductible to the employer and non-taxable to the employee. Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage (up to US$50,000) (and employer-provided meals and lodging in-kind, [22]) may be excluded from the employee's ...
Salary packaging (also known as salary sacrifice or salary exchange) is the inclusion of employee benefits (also called fringe benefits) in an employee remuneration package in exchange for giving up part of monetary salary. Such arrangements are entered into most commonly if there are tax or other benefits to be derived by the employer or ...
Starbucks provides full tuition reimbursement for an online bachelor's degree program through Arizona State University and now they are offering free legal advice to employees affected by ...
By Heather Huhman, founder/president of Come Recommended Compensation is important to most job seekers and employees, and employers are stepping up this year in that respect. According to ...
Costco employees get free membership cards for themselves and their friends and family. "We get four free membership cards (including mine) with 2% cash back annually," one long-time Costo cashier ...
McDonald's employees and the employees of participating independent franchises offer employee benefits to improve English language skills, earn a high school diploma, work toward a college degree, and get counseling about education and career plans. The corporation has spent more than $100 million on the program over the past four years.
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related to: employee perks free to employers pdf full text