Travis and Jessica Coleman, a married couple who will file jointly, are both teachers. In 2019, Travis had receipts totaling $386 in qualifying expenses for his classroom. Jessica had receipts totaling $257. They both worked over 900 hours during the school year and were not reimbursed by their employer. What is the maximum amount of the educator expense deduction that they may claim on their joint return?  $250  $386  $500  $643

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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.