Given the following tax structure, what minimum tax would need to be assesse respect to average tax rates? Muni-Bond Тахраyer Mihwah Shameika Salary $ 10,000 $ 50,000 Interest Total Tax $ 10,000 $ 30,000 $ 600 ???

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A: Effective Tax Rate =Total Tax PaidTotal Incomex100   Minimum Tax = Total Income x Effective Tax Rate

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Q: Do not use Ai

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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.