Ciara had $78,000 of income from wages and $2,950 of taxable interest. Ciara also made contributions of $2,100 to a tax-deferred retirement account. Ciara has 4 dependents and files as head of household.

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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.