A. Employee Benefits
Employee benefits are non-wage compensation provided to employees in addition to their regular salaries or wages. These can include a wide range of benefits such as health insurance, retirement plans, paid time off, disability insurance, and more. There are many different types of employee benefits, and the specific benefits offered by an employer may vary depending on the size of the company, the industry in which it operates, and other factors. Generally speaking, employers can pay any reasonable compensation to the employees to cover costs of any benefits but whether or not such costs are currently includible in employees’ income is the key question for these rules. Some common types of employee benefits include:
- Health benefits
An employer may offer any kind of health benefits from buying health insurance to covering doctor’s visits to reimbursing out-of-pocket expenses. The employer Read More