Tag: Fringe Benefit

Question: Must a Michigan company that awards additional bonus days for perfect attendance pay that unused award balance to terminating employees at termination? Answer: Based on the Michigan wage and hour laws as they apply to paying out fringe benefits, if your policy has a pay-out provision for unused time, you would most likely need…

Question: If an employer provides housing for employees, is it considered a benefit and/or income that is to be taxed? Answer: When housing is provided to an employee it is generally considered a fringe benefit that is taxable to the employee, and should be reported on the Form W-2. For nonprofit organizations, however, there may…