Nadine bought 100 shares of OAK stock for $30 a share on April 30, 2019. On July 1, 2020, she noticed that the stock had increased in value to $35 a share. She decided to sell her shares. Nadine's only other income for the year consisted of $65,000 in wages. She will claim the standard deduction when she files her return. Nadine's revenue from the sale of stock will increase her taxable income by

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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.