BA 3301 Lecture Notes - Lecture 52: Employee Stock Ownership Plan, Thaler, The Employer
Document Summary
Provided in respect of the employment. (cid:120) employee has reportable fringe benefits amount" if individual fringe benefits amount > ,000 (cid:120) employee"s reportable fringe benefits amount is calculated by grossing up the employee"s individual fringe benefits amount. (cid:120) exempt benefits are not included in determining an employee"s individual fringe benefits amount or reportable fringe benefits amount. S 5f employee"s share of taxable value of a fringe benefit (cid:120) (cid:120) Individual benefit provided in respect of one employee. Employee"s share is 100% of taxable value if. Fringe benefit was provided in respect of the employment of the employee and not in respect of the employment of anyone else; and. Taxable value of fringe benefit was worked out for that particular fringe benefit and not as part of the total taxable value of fringe benefits in a class. Individually taxed benefit shared by 2 or more employees.
