Bookkeeping – Other Employer Provided Benefits (Lesson 93)
Other employer-provided benefits are composed of three groupings of benefits: welfare, other (Life Insurance, Auto & Education) and fringe.
Section 132 of the Internal Revenue Code sets the law for employer provided benefits related to welfare, other and fringe benefits provided to employees.
Other employer-provided benefits are composed of three groupings of benefits: welfare, other (Life Insurance, Auto & Education) and fringe.