Lee is single and has two daughters, Ava and Alice. He makes $155, 600 in gross income from his job at NASA. During the year he had $6,000 in adjustments. He also had $17,600 in qualified medical expenses and $9,000 in other fully itemized deductions. Use the tax information from your lecture notes to answer the question below. Income tax held throughout the year $18, 500 What is the total for itemized deductions? Group of answer choices $27,300 $15,380 $20, 800 $19, 250

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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.