During 2022, Ash had the following cash receipts: Wages Interest income from U.S. Treasury bonds Workers' compensation following a job-related injury 8,500 What is the total amount that must be included in gross income on Ash's 2022 income tax return? $23,850 $15,350 $15,000 $15,000 350 $23,500

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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.