Which one of the following roles are NOT typical of the lead underwriter in an IPO Marketing the issue to potential investors Assisting in the determination of the final price of the IPO Working with the Board of Directors to hire the best possible CEO for the company Purchasing the shares from the company to be immediately resold to investors

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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.