Suit Delivery Service reports the following costs and expenses in June 2016. Indirect materials $  8,400 Driver's salaries $17,000 Depreciation on delivery   Advertising 5,100 equipment 11,200 Delivery equipment   Dispatcher's salary 5,000 repairs 300 Property taxes on office   Office supplies 650 building 870 Office utilities 2,490 CEO's salary 12,000 Repairs on office   Gas and oil for delivery trucks 3,200 equipment 180 Instructions Determine the total amount of (a) product costs plus delivery cost and (b) period costs.

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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.