Roderick and Ashely Garin, a married couple who will file jointly, are both full-time teachers. In 2022, Roderick had receipts totaling $374 in qualifying expenses for his classroom. Ashley had qualifying receipts totaling $214. What is the maximum amount of the educator expense deduction they are able to claim on their joint return? $500 $514 $588 $600

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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.