Determine the amount of the child tax credit in each of the following cases: B) a single parent with modified AGI of $79,400 and three children ages 7, 9, and 12.  C) a married couple, filing jointly, with modified AGI of $409,333 and two children age 14 and 16.

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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.