in 2023 lisa and fred a married couple had taxable income of $401,200. if they were to file separate tax returns, Lisa would have reported taxable income of $225,600 and fred would have reported taxable income of $175,600. what is the couples marriage penalty or benefit?

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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.