RESIDENTIAL IBEW Local 150 Fringe Benefit Funds Form

Instructions and help about RESIDENTIAL IBEW Local 150 Fringe Benefit Funds

i'll be discussing about french benefits so i'm going to be defining what french benefits are and then give some examples of french benefits that may be subject to taxes then discuss the evaluation of your fringe benefit and then give sample computations of your french benefit tax so a fringe benefit is a benefit that supplements the compensation of an employee particularly an employee that's not rank and file more of the supervisory or managerial positions and it may come in the form of housing money company car membership or others so the tax rate for french benefits effective january 1 2018 which is actually the implementation of your train law the french benefit tax is increased to 35 percent the gross up monetary value of the french benefit given to non-rank and file employees shall be determined by dividing the actual monetary value by 65 so to compute your french benefit tax we have your taxable monetary value divide that up with your gross up factor then multiply that with your