fringe benefit

It was one of the fringe benefits of living for so many years essentially alienated from the world around him: He could easily believe that he was right and the world was wrong.

That relentless pressure from an organized working class “raised real wages and created a set of fringe benefits, including health insurance and retirement pay,” he says.

Workers would likely have to pay income tax on the fair market value of the fringe benefits they receive unless their employers decide to cover some or all of the tax burden.

One is that it applies only to wages, tips, bonuses, commissions, and some fringe benefits — generally, almost anything that appears on the annual W-2 forms workers receive from their employers.

Finally, unions tend to provide fringe benefits such as health insurance, paid sick days, vacation days, and retirement plans.