Geronimo files his tax return as married filing joint for year 2021. If his taxable income is $143.900, what is his average tax rate? (Use tax rate schedule) (Round your final answer to two decimal places) Multiple Choice 14.08 percent 16.09 percent 1145 percent 22.00 percent None of the choices are correct.

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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.