In April 2019, Mario purchased a new refrigerator for $700 and placed it in service in his rental house.  He elected not to claim the special depreciation allowance.  Mario sold the rental hous, including the refrigerator, in November 2021.  After factoring in depreciation, his adjusted basis in the refrigerator at the time of sale was $323.  Under what property section of the Internal Revenue Code will the sale of the refrigerator fall? - Section 179 - Section 1245 - Section 1250 - Section 1255

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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.