Question

Difference between bonus and fringe benefits

Answer 1

Answer:

Are employee bonuses considered a fringe benefit? Yes. Because bonuses take the form of cash (or a cash equivalent), they must be reported as supplemental income on the employee's W-2. The fair market value of such bonuses, regardless of how much money is involved, must be reported.

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Answer 2

Answer:

hey here is your answer

The difference between a bonus and fringe benefits is that the fringe benefits are constant and a bonus is not. A bonus is usually paid out once a year based on work performance. A person can enjoy fringe benefits of working somewhere all the time, like a free health care plan.

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